Channel: Grocery Kroger, Albertsons Fire Back At FTC Kroger and Albertsons have argued in separate legal filings that the federal Trade Commission (FTC) is misguided and flat-out wrong in opposing their $24.6 billion merger. Both retailers contend that the FTC, in suggesting that the deal would give the combined companies an unfair competitive advantage, ignores the fact that they would also be competing […] MorningNewsBeat March 18, 2024March 18, 2024 2 min read KrogerGovernmentRegional GroceryAlbertsons / SafewayAssociatesMarketing: In StoreMergersLegal & CriminalCompetitionTargetAmazonDivestituresCostcoBrick and MortarPredictions and ForecastsWalmart 0 Saving Bookmark this article Bookmarked
Channel: Grocery Kroger and Albertsons hit back at the FTC The regulatory agency has mischaracterized competition and labor dynamics in the grocery industry in seeking to block their merger, the grocers said in filings this week. Grocery Dive March 15, 2024March 15, 2024 < 1 min read Regional GroceryKrogerGovernmentAlbertsons / SafewayCompetitionMergersAssociates 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Purple, Tempur Sealy Settle Mattress Firm Acquisition Concerns Purple Innovation, Inc., maker of the Purple mattress, and Tempur Sealy International, Inc., have established new partnership parameters amid Tempur Sealy’s planned acquisition of Mattress Firm. The companies also have “amicably resolved” their “various intellectual property disputes,” according to a Purple press release. Tempur Sealy initially announced its plans to acquire Mattress Firm in May […] Retail TouchPoints March 13, 2024March 13, 2024 2 min read AcquisitionPartnershipsTechnology & InnovationPress ReleaseMarketing: Social MediaConsumersInternationalMergersResults & InvestmentMarketing: In StoreStrategyGovernmentPredictions and ForecastsOperations & Supply ChainExecutivesBrick and MortarUnilever 0 Saving Bookmark this article Bookmarked
Channel: Grocery Court sets late August start date for hearing on Kroger-Albertsons merger A federal judge in Oregon will decide during the proceeding whether to grant the FTC’s request to block the transaction. Grocery Dive March 12, 2024March 14, 2024 < 1 min read Regional GroceryMergersKrogerAlbertsons / SafewayGovernment 0 Saving Bookmark this article Bookmarked
Channel: Grocery Hearing to decide next step in Kroger, Albertsons merger set for August Oregon case would block the merger while the FTC conducts an in-house hearing 0 Author Missing March 12, 2024March 12, 2024 < 1 min read MergersRegional GroceryKrogerAlbertsons / SafewayGovernment 0 Saving Bookmark this article Bookmarked
Channel: Grocery Kroger/Albertsons vs. FTC Court Case Scheduled For Late August Mark your calendars. Set your alarm. August 26, 2024, has been set foe the beginning of the trial that will determine whether the Federal Trade Commission (FTC) will be able to block Kroger’s $24.6 acquisition of Albertsons. The trial will take place in the Us District Court in Portland, Oregon, and is expected to last […] MorningNewsBeat March 12, 2024March 12, 2024 2 min read Albertsons / SafewayRegional GroceryKrogerGovernmentBrick and MortarAssociatesConsumersAcquisitionPredictions and ForecastsCostcoDivestituresC&S Wholesale GrocersAmazonWalmartHoliday & EventsMergersPiggly WigglyUnilever 0 Saving Bookmark this article Bookmarked
Corporate Finance Kroger stock jumps following Q4 earnings report CEO McMullen disappointed with FTC effort to block Albertsons merger but not surprised “given the current political environment” 0 Author Missing March 9, 2024March 9, 2024 < 1 min read Results & InvestmentKrogerGovernmentSustainabilityRegional GroceryMergersExecutivesAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Kroger reports improved profit line as it girds for battle with FTC The grocer is determined to overcome the government’s effort to stop its merger with Albertsons but sees room to grow even if it can’t consummate the deal, its CEO said. Grocery Dive March 8, 2024March 8, 2024 < 1 min read GovernmentKrogerRegional GroceryMergersExecutivesAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
Trends & External Forces Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024 Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth. Kroger March 7, 2024March 8, 2024 9 min read KrogerResults & InvestmentPredictions and ForecastsAssociatesDept. FuelShoppersDept. Fresh PreparedDept. DeliHealth & WellnessSustainabilityEconomyGovernmentConsumersOperations & Supply ChainStrategyDept. PharmacyMarketing: BrandDept. FreshReturnsMergersOwned Brands (Private Label)PartnershipsDept. GroceryDept. DairyDept. BeverageData & InsightsExecutivesMarketing: Direct & PersonalizationWeatherCustomer ExperienceCompetitionPress ReleaseUnileverDivestituresDept. PerimeterAlbertsons / SafewayDept. BakeryTargetRegional GroceryDept. Natural / OrganicDept. HBCBrick and MortarDeliveryTrends: ConsumerTechnology & InnovationMarketing: TradeMarketing: Loyalty & SubscriptionMarketing: In StoreESG and CSR 0 Saving Bookmark this article Bookmarked
Channel: Grocery Federal Trade Commission files lawsuit to stop Kroger, Albertsons merger The US Federal Trade Commission is suing to block the Kroger Co.’s proposed $24.6 billion acquisition of the Albertsons Cos. Inc., alleging it is anti-competitive. Supermarket Perimeter March 7, 2024March 7, 2024 < 1 min read Regional GroceryKrogerGovernmentAlbertsons / SafewayMergersLegal & CriminalAcquisition 0 Saving Bookmark this article Bookmarked
International Body Shop Canada Follows UK Division into Bankruptcy; U.S. Division Ceases Operations The Body Shop Canada has filed a Notice of Intention (NOI) to file for protection under the country’s Bankruptcy and Insolvency Act, following a similar filing by the retailer’s UK arm last month. The Body Shop Canada has ceased online sales, and while its stores remain open, the company plans to close 33 of its […] Retail TouchPoints March 6, 2024March 6, 2024 2 min read International - UKInternational - North AmericaBankruptcyOperations & Supply ChainPredictions and ForecastsMerchandisingHealth & WellnessMarketing: Social MediaBrick and MortarResults & InvestmentSustainabilityMergersInternationalPress ReleaseDept. Natural / Organic 0 Saving Bookmark this article Bookmarked
Trends & External Forces OpenAI says Musk only ever contributed $45 million, wanted to merge with Tesla or take control OpenAI, the most valuable AI startup, said Wednesday it intends to dismiss all claims made by Elon Musk in a recent lawsuit and suggested that the billionaire entrepreneur, who was involved in the company’s co-founding, didn’t really have that much impact on its development and success. In a blog post authored by the entire OpenAI […] TechCrunch March 5, 2024March 6, 2024 < 1 min read AITechnology & InnovationChatGPTMergersMarketing: Social MediaPredictions and ForecastsLegal & Criminal 0 Saving Bookmark this article Bookmarked
Channel: Grocery Gelson’s Closes (Jinxed?) Laguna Beach Store The Orange County Register reports that Gelson’s has closed its store in Laguna beach, California, “citing unprofitability and tough economics.” “The limited population of the area coupled with challenging economic headwinds for grocers in California have unfortunately made this decision necessary,” said John Bagan, Gelson’s president-CEO. “Despite an amazing and dedicated team, Laguna Beach has […] MorningNewsBeat March 4, 2024March 4, 2024 2 min read Albertsons / SafewayMergersRegional GroceryDept. Adult BevDept. BeverageEconomyAcquisitionStore LocationExecutivesKrogerMarketing: In StorePop UpsPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers JetBlue and Spirit Airlines Call Off $3.8 Billion Merger JetBlue and Spirit Airlines have called off a planned merger that began two years ago. The airlines said the decision was amicable but claimed that ongoing regulatory hurdles would have made merging the two companies difficult. RetailWire March 4, 2024March 4, 2024 < 1 min read Mergers 0 Saving Bookmark this article Bookmarked
Channel: Grocery The Friday Checkout: Could the Kroger-Albertsons saga become a political football? The chains are trying to merge as politicians and consumers connect the grocery industry with high prices. Can the retailers overcome the pressure? Grocery Dive March 1, 2024March 1, 2024 < 1 min read Regional GroceryKrogerGovernmentAlbertsons / SafewayConsumersMergers 0 Saving Bookmark this article Bookmarked
Trends & External Forces Your Views: SSNIPT Blues Got this email from an MNB reader: I believe the final ruling on the merger will come down to who best defines “grocery store” for the courts. If it’s the broader definition that includes WMT, Costco, Dollar General, Target, delivery & remote options, etc., Kroger will prevail. If the 1980s / FTC definition of […] MorningNewsBeat March 1, 2024March 1, 2024 2 min read MergersGovernmentRegional GroceryBrick and MortarKrogerAlbertsons / SafewayCompetitionLegal & CriminalDollar GeneralRestaurantsPredictions and ForecastsCostcoTargetDept. GroceryDeliveryAssociatesAgencies 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Major League Pickleball and PPA Tour complete long-awaited merger The agreement comes after months of negotiations between the pickleball leagues as they join forces to determine the future of professional pickleball. CNBC March 1, 2024March 1, 2024 < 1 min read MergersPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Channel: Grocery What’s next for Kroger and Albertsons as merger case moves on to court The grocers’ ability to combine could come down to how a judge rules on the FTC’s request for a preliminary injunction, antitrust experts said. Grocery Dive February 29, 2024February 29, 2024 < 1 min read Regional GroceryMergersKrogerAlbertsons / SafewayGovernmentLegal & Criminal 0 Saving Bookmark this article Bookmarked
Technology & Innovation Authentic to Extend AI-Powered Shopping Capabilities Across Brand Portfolio Authentic, formerly known as Authentic Brands Group, has partnered with Fast Simon to help enhance merchandising, personalization and search capabilities across its extensive portfolio of brands. Authentic brands including Juicy Couture, Frederick’s of Hollywood and the newly launched Authentic.com already use the solution provider’s AI-powered technology, but now Fast Simon has become a preferred partner […] Retail TouchPoints February 29, 2024February 29, 2024 < 1 min read Technology & InnovationAIMergersMerchandisingDept. ApparelPartnershipsOwned Brands (Private Label)Marketing: Social MediaConsumersShoppersPredictions and ForecastsColgate-PalmoliveMarketing: Direct & PersonalizationExecutives 0 Saving Bookmark this article Bookmarked
Corporate Strategy Former Eckerd CEO Stew Turley dies at 89 TAMPA — Stew Turley, who guided the evolution of Eckerd Corp. for three decades, died last week at his home in Florida after a battle with lymphoma. He was 89. During the course of his tenure at the retailer, which began in 1966 when he was named manager of non-drug operations, Eckerd grew to 2,778 […] MMR February 28, 2024February 28, 2024 2 min read ExecutivesBrick and MortarOperations & Supply ChainMergersConsumersShoppersTargetResults & InvestmentDivestituresPartnerships 0 Saving Bookmark this article Bookmarked
Channel: Grocery Analysts weigh in on FTC’s suit to challenge Kroger-Albertsons deal The agency’s detailed statement opposing the proposed merger has industry experts mulling over the C&S divestiture plan and its possible impacts on industry competition. Grocery Dive February 28, 2024February 28, 2024 < 1 min read Regional GroceryKrogerGovernmentAlbertsons / SafewayCompetitionMergersDivestitures 0 Saving Bookmark this article Bookmarked
Technology & Innovation John Lewis Operations Director Naomi Simcock discusses making retail technology count, CX and AI “When I get customer interaction I want it to count. Technology can help with that.” So said Naomi Simcock, Operations Director at John Lewis, in a Q&A conference session with consultant, Andrew Busby, at Smart Retail Tech Expo on 27th February at ExCel in London. “I’ve got a huge supply chain and other fixed costs, […] Retail Technology Innovation Hub February 28, 2024February 28, 2024 3 min read Technology & InnovationAICustomer ExperienceInternational - UKMarketing: Social MediaTwitterOperations & Supply ChainShoppersData & InsightsPredictions and ForecastsTargetMarketing: Loyalty & SubscriptionDept. NonfoodPartnershipsMarketing: In StoreEconomyResults & InvestmentAssociatesConsumersReturnsLegal & CriminalConsultingOwned Brands (Private Label)Pricing & PromotionsMergers 0 Saving Bookmark this article Bookmarked
Corporate Strategy Macy’s to Close 150 Nameplate Stores, Focus on Luxury and Small-Format Locations Macy’s, Inc. has unveiled its Bold New Chapter strategy, signaling a major shift for the iconic department store retailer. Macy’s plans to close 150 underproductive nameplate stores — approximately 50 this year alone — and continue its expansion of smaller-format stores as it prioritizes investment in about 350 go-forward locations. Additionally, noting that its luxury […] Retail TouchPoints February 27, 2024February 27, 2024 2 min read Brick and MortarExecutivesStrategyOperations & Supply ChainMarketing: Social MediaMergersResults & InvestmentPredictions and ForecastsTargetTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Channel: Grocery FTC files lawsuit to stop Kroger, Albertsons merger Nine attorneys general join the effort to block the merger Supermarket News February 27, 2024February 27, 2024 < 1 min read MergersRegional GroceryLegal & CriminalKrogerGovernmentAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
Channel: Grocery FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers The FTC, which was joined by a group of attorneys general, argued the $24.6 billion Kroger-Albertsons deal would hurt competition in the grocery industry. CNBC February 26, 2024March 4, 2024 < 1 min read Regional GroceryKrogerGovernmentAlbertsons / SafewayMergersAssociatesCompetition 0 Saving Bookmark this article Bookmarked
Channel: Grocery FTC Sues To Block Kroger-Albertsons $25B Merger The Federal Trade Commission (FTC) has taken legal action to halt the proposed $25 billion merger between Kroger and Albertsons, labeling it as potentially harmful to consumers. This merger, slated to be the largest in US supermarket history, aims to combine two of the nation’s top retailers, with brands like Safeway, Vons, Harris Teeter, and […] RetailWire February 26, 2024February 26, 2024 < 1 min read KrogerAlbertsons / SafewayMergersRegional GroceryGovernmentLegal & CriminalConsumers 0 Saving Bookmark this article Bookmarked
Channel: Grocery FTC sues to block Kroger-Albertsons merger WASHINGTON — The Federal Trade Commission has filed a lawsuit to block Kroger’s proposed $25 billion merger with Albertsons Cos., contending that consumers will see higher prices and workers will see lower wages if the deal goes through. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over […] MMR February 26, 2024February 26, 2024 2 min read MergersKrogerConsumersAlbertsons / SafewayRegional GroceryGovernmentAssociatesAcquisitionBrick and MortarDept. GroceryOperations & Supply ChainCompetitionDivestituresLegal & CriminalDept. FreshEconomyCostcoHealth & WellnessDept. PerimeterC&S Wholesale GrocersOwned Brands (Private Label)AmazonResults & InvestmentWalmart 0 Saving Bookmark this article Bookmarked
Trends & External Forces NGA ‘appreciates FTC’s commitment to preserving competition’ WASHINGTON — The National Grocers Association (NGA), which represents independent food retailers and wholesales, issued a statement supporting the Federal Trade Commission’s decision to challenge the merger of Kroger Co. and Albertsons’ Cos. “Every day, America’s local independent supermarkets face economic challenges due to the influence of massive power buyer chains who use their leverage […] MMR February 26, 2024February 26, 2024 2 min read GovernmentIndustry Conferences and EventsCompetitionEconomyDept. GroceryBrick and MortarCOVID19ConsumersShoppersDept. NonfoodKrogerLegal & CriminalMergersOperations & Supply ChainRegional GroceryExecutivesAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
Channel: Grocery FTC files suit to stop Kroger-Albertsons merger Nine attorneys general have joined the federal court complaint, which claims that the deal would boost grocery prices and hurt workers. Grocery Dive February 26, 2024February 26, 2024 < 1 min read Regional GroceryMergersKrogerGovernmentAlbertsons / SafewayAssociates 0 Saving Bookmark this article Bookmarked
Associates & Employees Washington State measure protects grocery workers if merger approved Workers must be retained for six months and would receive compensation if terminated 0 Author Missing February 26, 2024February 26, 2024 < 1 min read AssociatesMergers 0 Saving Bookmark this article Bookmarked
Channel: Grocery Acquisitions, Divestitures & Mergers Trends & External Forces Court sets late August start date for hearing on Kroger-Albertsons merger A federal judge in Oregon will decide during the proceeding whether to grant the FTC’s request to block the transaction. Written by Grocery Dive March 12, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Channel: Restaurants Department & Category Department: Consumer Durables Department: Food Department: Nonfood ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Merchandising Kids Like to Go Out to Eat ask Chuck E. Cheese Don’t want to cook, don’t want to do dishes, well according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® your kids don’t want you hear you complain about cooking dinner either. Chuck E. Cheese has a new program for that has a great chance to make the entire family happy according […] Written by Grocerant Guru March 11, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Channel: Grocery Corporate Finance Publix reports 49% growth in net earnings in FY23 US supermarket chain Publix has reported net earnings of $4.3bn in FY23, marking a 49% increase from FY22’s $2.9bn. The post Publix reports 49% growth in net earnings in FY23 appeared first on Retail Insight Network. Written by Retail Insights Network March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Channel: Mass Corporate Finance Media & Marketing Agencies & Vendors Data & Insights Trends & External Forces Target Q4 2023 Earnings Recap Target reported Q4 and 2023 financial results at its annual investor day on March 5, 2024. Quarterly comp performance improved sequentially from Q2 to Q4, but 2023 ended with comps down -3.7%. Profitability outperformed expectations as the company realized $2B of operating income growth in 2023 and reported notable gross margin improvements. The stock was […] Written by The Harvest Group March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Trends & External Forces CPG: Food Channel: Ecommerce & Digital Channel: Grocery Channel: Mass Department & Category Department: Beverage Department: Food Department: HBC Acquisitions, Divestitures & Mergers Corporate Strategy Corporate Finance ESG Partnerships & Alt Profit Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Retail Operations Associates & Employees Operations & Supply Chain Owned Brands (Private Label) Stores & Formats Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024 Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth. Written by Kroger March 7, 2024March 8, 2024 Saving Bookmark this article Bookmarked