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https://www.cnn.com/2022/10/14/business/kroger-albertsons-merger/index.html
Kroger announces deal to merge with Albertsons to form a mega grocery chain
Kroger announced it’s merging with Albertsons in a $24.6 billion deal, creating one of the largest grocery store chains in the United States with nearly 5,000 stores when combined.
“The combination creates a premier seamless ecosystem across 48 states and the District of Columbia, providing customers with a best-in-class shopping experience across both stores and digital channels,” Kroger said in a press release.
The merged company will give it greater scale to compete against Amazon, Costco, Walmart and smaller grocery store rivals. Traditional grocery store chains are losing market share to lower-priced companies, such as Aldi, Trader Joe’s, Grocery Outlet because of stubbornly high inflation and rising costs.........
Kroger announces deal to merge with Albertsons to form a mega grocery chain
Kroger announced it’s merging with Albertsons in a $24.6 billion deal, creating one of the largest grocery store chains in the United States with nearly 5,000 stores when combined.
“The combination creates a premier seamless ecosystem across 48 states and the District of Columbia, providing customers with a best-in-class shopping experience across both stores and digital channels,” Kroger said in a press release.
The merged company will give it greater scale to compete against Amazon, Costco, Walmart and smaller grocery store rivals. Traditional grocery store chains are losing market share to lower-priced companies, such as Aldi, Trader Joe’s, Grocery Outlet because of stubbornly high inflation and rising costs.........