by Mike Duff | Dec 12, 2024 | Retail Articles
Kroger Co. reported it has terminated its merger agreement with Albertsons and provided an overview of its next steps after Albertsons announced it had withdrawn from the proposed deal. The moves come after the United States District Court in Oregon granted the U.S....
by Mike Duff | Dec 11, 2024 | Featured News, Retail Articles
A United States District Court in Oregon has blocked the merger of The Kroger Co. and Albertsons Cos., citing the combination’s threat to grocery sector competition. In a response, Albertsons announced it has terminated the merger agreement and filed suit against...
by Mike Duff | Dec 5, 2024 | Retail Articles
The Kroger Co. posted positive identical sales and adjusted earnings despite lower overall sales in its third quarter as it continues to address litigation and regulatory action related to its proposed merger with Albertsons Cos. Company net earnings were $618...
by Peter Giannetti | Oct 29, 2024 | Retail Articles
Walgreens shoppers surveyed by market researcher Numerator said they are prepared to switch to other drug chains and mass merchants if impacted by the planned closure of some 1,200 Walgreens stores. Walgreens recently reported it would close 1,200 underperforming...
by Mike Duff | Oct 15, 2024 | Retail Articles
As its merger with The Kroger Cos. continues to face opposition from the United States government, Albertsons beat Wall Street estimates on earnings and revenues, as identical sales gained. Net income was $145.5 million, or 25 cents per diluted share, compared to...
