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CINCINNATI -- Kroger Co. chairman and ceo David Dillon is the latest executive to tell retail analysts that consumer spending is slowing down, but said that Kroger's positioning should prove an advantage as consumer spending slows.
Kroger continues to insist that traditional supermarket operators aren't on the road to extinction and, during a conference call detailing second-quarter results, backed up its assertion by raising its identical-store sales projections.
Kroger's second-quarter sales increased 9.2% to $15.1 billion. Identical supermarket sales in the period ended Aug. 12 gained 7.9%, counting fuel, and 6.0% without. Net earnings in the quarter …