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Kroger-Albertsons Merger
In October 2022, American grocery chain Kroger agreed to purchase rival Albertsons for $24.6 billion. Both companies, comprising two of the largest supermarket chains in the United States, serve most of the country's mid-tier grocery market. Kroger planned to compete with non-union grocery chain Amazon Fresh, which includes Whole Foods Market, discount department store chains Target Corporation, Target and Walmart, and the warehouse club retail chains Costco and Sam's Club. This merger would have created one of the largest grocery store chains in the United States, combining nearly 5,000 stores and employing approximately 700,000 people. In February 2024, the Federal Trade Commission (FTC) filed a lawsuit to block the merger stating the deal would raise prices, lower quality, limit choices for consumers, and harm workers. In December 2024, a U.S. District Judge agreed with the FTC, that the merger would risk reducing competition at the expense of both consumers and workers. The f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kroger
The Kroger Company, or simply Kroger, is an American retail company that operates (either directly or through its subsidiaries) supermarkets and multi-department stores throughout the United States. Founded by Bernard Kroger in 1883 in Cincinnati, Ohio, Kroger operates 2,719 grocery retail stores under its various banners and divisions in 35 states (mostly in the South, Midwest and West) and the District of Columbia. Its store formats include 134 multi-department stores, 2,273 combo stores, 191 marketplace stores, and 121 price-impact warehouse stores. Kroger operates 33 manufacturing plants, 1,642 supermarket fuel centers, 2,254 pharmacies, 225 The Little Clinic in-store medical clinics, and 127 jewelry stores (782 convenience stores were sold to EG Group in 2018). Kroger's headquarters are located in downtown Cincinnati. The Kroger Company is the largest supermarket operator in the U.S. by revenue and the country's fifth-largest general retailer. The company is one ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
