![]() In the Friday announcement, Kroger said it would “reinvest approximately half a billion dollars of cost savings from synergies to reduce prices for customers” and invest $1 billion to raise wages and benefits for workers.įor both companies, Walmart is a key competitor, as a nationwide big-box giant that sells more groceries than Kroger and Albertsons combined. ![]() Their tie-up would involve spinning off up to 375 stores into a separate company, the companies said. The two overlap in several markets, largely in the western part of the country. Albertsons is the country’s second-largest supermarket company, with 290,000 employees and almost 2,300 stores, including Safeway and Vons. ![]() Kroger is the largest supermarket operator in the U.S., with 420,000 employees and more than 2,700 stores, including Ralphs, Harris Teeter, Fred Meyer, and King Soopers. Grocery prices jumped 13% in September compared to a year ago. The deal is likely to draw intense scrutiny from federal regulators and critics as it would form a new supermarket colossus at a time of soaring food costs. Kroger plans to buy Albertsons in a deal valued at $24.6 billion, a merger that would combine the two largest grocery-store chains in the U.S., the companies said on Friday. Kroger stock increased six percent as the company surpassed profit and sales expectations. HOUSTON, TEXAS – SEPTEMBER 09: A customer exits a Kroger grocery store on Septemin Houston, Texas.
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