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Save A Lot Completes Transition to Wholesaler with Sale of 18 Stores

Retail TouchPoints

“As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of retail partners,” said Leon Bergmann, CEO of Save A Lot in a statement. Save A Lot operates more than 800 stores in 32 states.

Wholesale 204
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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 235
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To Make Merger More Palatable, Kroger and Albertsons Boost Store Divestment Count

Retail TouchPoints

billion merger, Kroger and Albertsons have increased the number of supermarkets they plan to divest by 166 , for a total of 579 stores. The updated plan also seeks to address unions’ concerns about the merger’s impact, including the United Food and Commercial Workers International Union, which voted to oppose the merger in May 2023.

Grocer 197
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Kroger, Albertsons Delay Merger Timeline to August as They Negotiate with Regulators

Retail TouchPoints

The planned $24.6 While this is longer than we originally thought, we knew it was a possibility and our merger agreement and divestiture plan accounted for such potential timing,” according to a joint statement from the retailers. “We Top execs from both companies defended the merger in testimony to a U.S.

Grocer 236
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FTC Seeks to Block $24.6 Billion Kroger-Albertsons Merger

Retail TouchPoints

Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing and their working conditions deteriorating.” billion , but the FTC has criticized the divestment as inadequate.

Grocer 217
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FMI honors seven food industry executives

Mass Relators

As senior vice president and chief financial officer, he oversaw the development of the 2020 and Beyond Plan , which analyzed every facet of business at Associated Food Stores to identify opportunities for improvement. In 2001, industry relations was added to Rick’s responsibilities.

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Jason & Scot Show Episode 271 – Amazon Q2 2021 Recap

Retail Geek

Um so we’ll see if how that all plays out but I would say if I had one knock on the store. 6:00] Um Extended the the new visual merchandising approach to to the Staffing and store operations yet so maybe a work in progress. It just it doesn’t seem like they’ve. [6:00]