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Both retailers are back in cost-cutting mode after their megamerger failed. Here’s what to watch in the months ahead.
Supermarket operators Kroger and Albertsons announced Friday they will sell off 413 stores for $1.9 billion in connection with their planned $25 billion merger. The divestiture to New Hampshire ...
Kroger and Albertsons outlined the potential sale of 100 to 375 stores when they first announced their proposal in 2022.They have since disclosed they would cap divested stores at 650 locations.
Prominent retail executive Duncan MacNaughton was appointed chairman and CEO of Family Dollar back in May, while Jason Nordin ...
Albertsons Companies, Inc. (NYSE:ACI) ranks among the top consumer staples stocks according to hedge funds. UBS reaffirmed ...
Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger between the grocery stores.. C&S Wholesale ...
Albertsons stock dropped 1.5% to $18.23 as of Wednesday’s close, while Kroger stock gained 1% to $61.33. What Does It Mean for Kroger Stock? Kroger paused share buybacks in October 2022, aiming ...
Kroger will face off with regulators beginning Monday in U.S. District Court in Portland, Oregon for a critical legal hearing in its proposed $25 billion takeover of Albertsons.
About 45,000 grocery workers have authorized a strike at Ralphs, Albertsons, Vons and Pavilions stores in Southern California to protest unfair labor practices.
Kroger and Albertsons have a court date over whether the merger will be delayed further. U.S. District Judge Adrienne Nelson in Portland, Oregon scheduled a hearing on Aug. 26 for a preliminary ...
The Albertsons logo is seen on an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Riverside, California, U.S., October 14, 2022.