Kroger, Albertsons announce plans to sell hundreds more stores to gain merger approval [Yahoo! Finance]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Yahoo! Finance
Trade Commission and eight states sued to block the $25 billion merger between two of the country's largest supermarket chains. The FTC asserted that the deal would eliminate the "fierce competition between Kroger and Albertsons,” which consumer groups worried would lead to higher grocery prices and union job losses during a time of sustained food inflation. “In some regions, such as in Denver, the combined Kroger/Albertsons would be the only employer of union grocery labor. Union grocery workers' ability to leverage the threat of a boycott or strike to negotiate better CBA terms would also be weakened,” the FTC said in a press release At the time, Kroger responded by saying that the “only winners if this merger is blocked will be larger, non-unionized retailers who will continue to fight union growth,” a message Albertsons leadership underscored. “If the Federal Trade Commission is successful in blocking this merger, it would be hurting customers and helping strengthen larger,
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KR
News
- Trade watchdog: Big retailers used supply-chain problems to inflate grocery costs [Yahoo! Finance]Yahoo! Finance
- Kroger spending nearly $85 million to renovate several Dayton area stores [Yahoo! Finance]Yahoo! Finance
- Kroger (KR) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Kroger Makes Celebrating Mom even EasierPR Newswire
- The 2024 Milken Institute Global Conference Opens May 5, Convening Global Leaders to Discuss Strategies Aimed at Shaping a Shared Future [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- KR's page on the SEC website