by Mike Duff | Feb 10, 2025 | Retail Articles
Aldi plans to open more than 225 new stores through 2025 in the next phase of its five-year U.S. growth strategy. The company also plans to sell 170 of Winn Dixie and Harverys Supermarket stores. Aldi acquired Winn-Dixie and Harveys Supermarket in 2023 in a deal with...
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 | Apr 22, 2024 | Featured News, Retail Articles
Albertsons Cos. released its fourth quarter and full-year earnings, while announcing a reconfigured joint plan of divestiture with C&S Wholesale Grocers related to the proposed Kroger and Albertsons merger. The updated divestiture proposal increases the total...
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 | Jan 16, 2024 | Retail Articles
The Kroger Co., Albertsons Cos. and C&S Wholesale Grocers issued a statement updating status of the proposed Kroger/Alberstons merger and related agreements, with a United States Federal Trade Commission ruling on the transaction soon. According to the statement,...
