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The 0.7% ID sales decline in the fourth quarter comes amid persistent food price deflation and stepped-up price competition from Wal-Mart Stores, which as previously reported in SN, recently expanded price rollbacks further into geographies where Kroger has significant market share.Results were slightly worse than expected: the company in December had forecast “slightly positive” non-fuel ID sales for the quarter, which ended Jan.Weber has been highly successful in commercial real estate within the Atlanta marketplace for almost 30 years.He is a veteran of the multhousing industry and has achieved recognition for investment sales dating back to 1989 and exceeding billion.28, although some analysts had anticipated they might slide, citing recent increases in produce deflation, competition and consumer sentiment in January.In a news release, Kroger highlighted tonnage and market share growth achieved over the course of the fiscal year, and emphasized that it was maintaining long-term financial goals of 8%-11% share growth, plus an increasing dividend, while forecasting modest ID sales growth for the fiscal year in a range of flat to 1%.

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“True to our history, we will continue making proactive investments in our Customer 1st Strategy to maintain our strong competitive position,” CEO Rodney Mc Mullen said in a statement.

“We are lowering costs to invest those savings in our people, our business, and technology.

His ability to successfully market, broker and advise on multihousing communities throughout the southeastern United States has garnered him the designation as a Top Twenty Producer every year since 1993 in the Greater Atlanta Commercial Board of Realtors Million Dollar Club. Weber was vice president of Julian Le Craw & Co., now Tribridge Residential, where he was responsible for acquisitions and third party brokerage. Weber was a controller with the Portman Companies for seven years. Weber is an active member of the National Multifamily Housing Council (NMHC) and the Urban Land Institute (ULI).

He resides in Atlanta and is a member of the Atlanta Apartment Association, the Buckhead Business Association, the Metro Atlanta Chamber of Commerce and a former president and board member of the Northside Athletes Foundation.