Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Kroger announced Friday that it plans to buy Albertsons in a nearly $25 billion deal that could change the US retail industry and impact how millions of customers buy their groceries.
The deal, which is expected to close in 2024, would combine two of the largest supermarket chains in the country and create one of its largest private employers. The two companies have a combined 710,000 workers – most of them unionized in an industry with low union rates – nearly 5,000 stores and more than $200 billion in sales. The companies say they reach 85 million households.
The retail industry has consolidated in recent years, and merging would give the companies greater scale to fend off competition from Amazon (AMZN), Walmart (WMT) and other retail giants. Traditional supermarkets have been pressured by these companies and others – discount chains such as Dollar General (DG) and Aldi, warehouse clubs like Costco (COST), and online grocers.
I think this is a bad idea and not sure how it will pass antitrust regulators. I get that you have Walmart, Target, Costco, Amazon etc as alternatives still seems like a bad diea.
But how does one behemoth grocer buying another behemoth grocer which also includes Safeway and Vons good for the consumer? prices of groceries are already through the roof.
It sounds like the antitrust lawyers are going to bill some hours on this one.
Quote:
A deal would almost certainly invite antitrust scrutiny from regulators, who have been zeroing in on the potential power of large companies to affect prices as inflation drives up the cost of food and other commodities. Kroger and Albertsons would most likely include a proposal to address any antitrust concerns by selling off certain stores. Lina Khan, who leads the Federal Trade Commission, which is likely to review any deal, has expressed skepticism that such solutions are sufficient. “They’re going to face a level of scrutiny that grocery mergers have not in the past,” said William Kovacic, a former F.T.C. chairman.
The list goes on and on. Albertson's all but bankrupted themselves in FL in the 90s due to poor customer service, dirty stores, etc. Not sure this is a good thing or bad thing.
Me personally, most of the food items I buy come from Costco, where I am getting a 4% rebate at the end of the year.
The list goes on and on. Albertson's all but bankrupted themselves in FL in the 90s due to poor customer service, dirty stores, etc. Not sure this is a good thing or bad thing.
Me personally, most of the food items I buy come from Costco, where I am getting a 4% rebate at the end of the year.
And Dillons, Baker's Gerbes, Food 4 Less, Foods Co, Fred Meyer, Fred Meyer Jewelers, Barclay's Jewelers, Littman Jeweler's, Fry's, Harris Teeter, Home Chef, King Scoopers, City Market, JayC, Pay Less, The Little Clinic, Mariano's, QFC, Roundy's, Metro Market, Pick N Save, Ruler Foods, Smith's, Vitacost and another dozen or so brands they dissolved.
Publix mostly has a presence in the south they are not a national brand like Kroger, Albertsons, Safeway. And Wegmans I think is mostly in the east coast.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
