Mergers

Articles on mergers in the retail industry.

  1. 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 […]
2 min read
0
  1. 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.
9 min read
0
  1. 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 […]
2 min read
0
  1. 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 […]
< 1 min read
0
  1. 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 […]
2 min read
0
  1. 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 […]
2 min read
0
  1. 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 […]
< 1 min read
0
  1. 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 […]
2 min read
0
  1. 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, […]
3 min read
0
  1. 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 […]
2 min read
0
  1. 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 […]
< 1 min read
0
  1. 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 […]
2 min read
0
  1. 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 […]
2 min read
0
  1. Trends & External Forces

Your Views:  No Real Future

MNB reader Rich Heiland had a thought about out continuing conversation about CVS’s shortcomings: I consider drug stores a commodity. None of them do anything to distinguish themselves from one another in any significant way. I live in a downtown area. There is a Rite-Aid a block or so away. I go there. If there […]
5 min read
0
  1. Channel: Grocery

Report:  FTC Ready To Block Kroger-Albertsons Deal

Bloomberg reports that “the US Federal Trade Commission and a group of states are poised to sue as soon as next week to block the tie-up between supermarket giants Kroger Co. and Albertsons Cos., according to people familiar with the plans. “The suit is expected before Feb. 28, when an agreement not to close the […]
2 min read
0
Note: Requires ChatGPT Plus
Advertisement

Trending Topics

Editor’s Choice

  1. Retailer Media
  2. Channel: Mass
  3. Corporate Strategy
  4. Partnerships & Alt Profit
  5. Media & Marketing
  6. Retailer Media
  7. Agencies & Vendors
  8. Data & Insights
  9. Shopper & Customer
  10. Trends & External Forces

Kroger Delivers its First-Party Data to the Yahoo DSP

Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […]
Written by
  1. Channel: Ecommerce & Digital
  2. Channel: Grocery - Natural
  3. Department: Nonfood
  4. Corporate Finance
  5. Media & Marketing
  6. Retailer Media
  7. Data & Insights
  8. International
  9. Technology & Innovation
  10. Stores & Formats

Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […]
Written by
  1. Trends & External Forces
  2. Department & Category
  3. Department: Food
  4. Department: HBC
  5. Corporate Strategy
  6. ESG
  7. Technology & Innovation
  8. Trends & External Forces
  9. Associates & Employees
  10. Stores & Formats

Walmart to close all 51 health centers

BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […]
Written by

Trending

Advertisement