Kroger already operates 2,800 stores in 35 states, while Alberstons operates 2,220 stores in 34 states.
FILE - A customer shops in a Kroger grocery store on July 15, 2022, in Houston, Texas. have agreed to merge in a deal they say would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business.
Kroger, based in Cincinnati, Ohio, operates 2,800 stores in 35 states, including brands like Ralphs, Smith’s and Harris Teeter. Alberstons, based in Boise, Idaho, operates 2,220 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw’s. Together the companies employ around 710,000 people.. If approved, the deal is expected to close in early 2024.Together, the stores would control around 13% of the U.S.
Goldman said a stronger combined company could possibly help tame food price inflation, since it would have more power to reject food producers’ price increases.Throughout 2020, Amazon gained a profit of $21.3 billion, compared to $11.6 billion in 2019.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Klipsch’s Cinema 800 Soundbar Is a Can’t-Miss Prime Day Deal for Upgrading Your Home TheaterThe discounted soundbar comes with a top-notch wireless subwoofer.
Read more »
Stock Market Today: Dow Closes Up 800 Points, U.S. Stocks Rally Following Inflation DataIn a major turnaround, the Dow closed up more than 800 points after investors shook off hot inflation data
Read more »
Woman critically injured in shooting outside of west side KrogerKROGER SHOOTING | A woman was critically injured Wednesday night after she was shot outside of the Westgate Plaza Kroger on the west side.
Read more »
Reports: Kroger may buy Albertsons in grocery megamergerKroger is reportedly in talks to buy Albertsons in a deal that would combine two of the nation's largest grocery chains.
Read more »
Albertsons stock heads higher amid report of Kroger merger interestShares of Albertsons Cos. Inc. undefined were up more than 11% in Thursday morning trading after Bloomberg News reported that Kroger Co. undefinedwas in...
Read more »