by Mike Duff | Jun 20, 2024 | Retail Articles
Earnings slipped at the The Kroger Co. in the first quarter but still beat analyst estimates as the company prepares to defend its proposed merger with Albertsons Cos. Company net earnings were $947 million, or $1.29 per diluted share, versus $962 million, or $1.32...
by Mike Duff | Mar 29, 2024 | Retail Articles
At a time when a pair of dynamics — more scrutiny of major retail operations by regulators and the growth of retail media — are impacting the marketplace, Walmart has notified two federal antitrust agencies it will withdraw and refile a certain review application...
by Mike Duff | Mar 8, 2024 | Retail Articles
In announcing fourth quarter financial results, Rodney McMullen, Kroger chairman and CEO, also defended the merger that the company is pursuing with Albertsons Cos., saying it will be good for households in the United States and for employees as well. Company net...
by Mike Duff | Feb 26, 2024 | Featured News, Retail Articles
The United States Federal Trade Commission announced it is suing to block the Kroger Co.’s $24.6 billion acquisition of the Albertsons Cos. claiming the deal is anticompetitive. Kroger immediately answered with a statement saying blocking the merger would actually...
by Mike Duff | Feb 14, 2024 | Retail Articles
Beset with criticism and regulatory scrutiny about the possibly anti-competitive results of a merger with Albertsons Co., The Kroger Co. is answering with a declaration of how the company lowered prices after previous mergers. Kroger stated it has invested to lower...
