As it awaits a merger with The Kroger Co., Albertsons continues to advance, posting sales and adjusted earnings gains above expectations. Net income was $311.1 million, or 54 cents per diluted share, versus $455.1 million, or 79 cents per diluted share, in the...
The Kroger Co. and Albertsons Cos. have announced that they have entered into a definitive merger agreement a day after reports emerged about ongoing negotiations between the two companies. In a joint press release, the companies reported that the deal would merge two...
The NPD Group and Information Resources, Inc. (IRI) have agreed to merge in a deal that brings together a pair of global market data and analytics leaders covering the retail and consumer products industries. The combination will offer clients a view of retail...
In its ongoing fight with activist investor Macellum Advisors, Kohl’s Corp. has issued a statement saying it has engaged with firms interested in purchasing the company, but, in a separate letter, that it would oppose any replacement of its board in a proxy fight....
Fresh off a merger of the two main supermarket chains that make up the business, Northeast Grocery, parent company of Price Chopper/Market 32 and Tops Markets, announced the forthcoming retirement of CEO Scott Grimmett and the appointment of former Tops Markets chief...
