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Bernard Henry Kroger

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Bernard Henry Kroger (January 1860 - July 1938) was an American businessman, best known for creating the Kroger chain of supermarkets starting in 1883.

Kroger was born the fifth of ten children in a family of German immigrants. The family lived above a dry goods store that his parents owned, but Kroger was forced to go to work at age thirteen to help support his family. He was forced to quit his first job in a drug store because his religious mother objected to Kroger working seven days a week, and ended up working as a farmhand near Pleasant Plain before contracting malaria and coming home.

Kroger would then begin working as a door to door salesman for the Great Northern and Pacific Tea Co., eventually ending up at the Imperial Tea Co.. As the grocery was not doing well, the two owners made Kroger a manager. When the owners refused to make Kroger a partner, he invested his own money and opened his own grocery.

Kroger's store, The Great Western Tea Co., would succeed despite numerous growing pains and catastrophes, and Kroger would open four separate locations within two years. He would rename the company Kroger Grocery and Baking Co. in 1902, later shortened to Kroger, and open over 5500 stores by the 1920s. He's credited with introducing the low-cost grocery chain models that persist today.

Kroger also invested in the creation of Provident Bank, selling his holdings in the bank in 1928, shortly before the Wall Street Crash of 1929. During an eminent bank crisis in 1933, he converted $15 million of his savings into cash and displayed it at the bank to demonstrate the financial soundness of the bank, and averted the crisis.

Kroger was also involved in many charitable ventures, incluiding the opening of parks, donations to zoos, and medical research.

Kroger died at age 78 in July 1938.

[edit] External links and references

  • Cincinnati Post: "Barney Kroger: Hard work, marketing savvy won shoppers." Barry Horstman, 17 June 1999.
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