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Kroger and Albertsons to Sell 400+ Stores, 8 DCs to Speed Planned Merger

Retail TouchPoints

Kroger and Albertsons will sell 413 stores across 17 states and the District of Columbia, along with eight distribution centers, two offices and five private label brands, to C&S Wholesale Grocers for approximately $1.9 billion in cash.

Planning 233
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FTC Seeks to Block $24.6 Billion Kroger-Albertsons Merger

Retail TouchPoints

“This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years,” said Henry Liu, Director of the Bureau of Competition at the FTC in a statement. billion , but the FTC has criticized the divestment as inadequate.

Grocer 215
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FMI laying foundation to make grocers nonfoods destination

Mass Relators

Despite the frequent trips that shoppers make to the grocery store, the channel only accounts for 8% of volume in the health and beauty care, household products and general merchandise categories, according to Tom Duffy, senior advisor for nonfoods community development at FMI – The Food Industry Association.

Grocer 45
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Kroger To Divest Over 400 Stores in Bid to Close $25 Billion Albertsons Deal

Retail Wire

Kroger has announced plans to divest over 400 grocery stores to C&S Wholesale Grocers, a move aimed at gaining regulatory approval for its nearly $25 billion takeover of Albertsons. The deal will bring Kroger approximately $1.9

Grocer 113
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Independent grocers drive economic growth

Mass Relators

WASHINGTON — Independent grocers are important sources of jobs, wages and taxes for the communities they serve, according to the latest economic impact study from the National Grocers Association. The wholesalers serving independent grocers account for more than 44,000 additional jobs (and nearly $3.3 of the 2020 U.S.

Grocer 52
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Instacart Connects Retailers to Small Business Owners with Launch of Instacart Business

Retail TouchPoints

Instacart will expand its delivery capabilities beyond the consumer space with the launch of Instacart Business, a B2B service aimed at helping small businesses. Current retail partners include Costco Business Center , Staples , Restaurant Depot and BJ’s Wholesale Club. and Canada.

Wholesale 259
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BREAKING: Morrisons sells forecourts to MFG in £2.5bn deal

Retail Gazette

The supermarket will use the proceeds of the sale to “fund further investment in the grocery and food making businesses, as well as significantly strengthening the business’s capital structure” The grocer is expected to use some of the funds to pay down part of its £5.17bn debt pile.