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Supermarket chains like Walmart, Albertsons, and Stop & Shop are shutting down nationwide. See if your neighborhood grocer is closing up shop here. RELATED: Big Lots Is No Longer Closing 15 Stores—Here's Why and Where.
Antitrust experts say a few core issues prompted the judges to say no the merger, ultimately dooming the deal.
Following the termination of the planned merger of Kroger (KR) with Albertsons (ACI), BofA believes the federal/state court decisions against
Lidl, which has been making waves in the U.S. with its European-based model, is another supermarket that knows how to use last-minute hard discounts to drive sales. The company’s marketing strategy includes weekly promotions that often feature large markdowns on select products, particularly in their weekly “Lidl Finds” section.
Kroger’s conduct created frustration and distrust among regulators … and ultimately caused an unprecedented litigation onslaught,” Albertsons claims in a newly unsealed lawsuit.
The companies’ failed merger is a stark reminder of the risks food retailers face as they position themselves in a rapidly changing market, analysts said.
So, what is Albertsons’ ( ACI) plan in a post-Kroger ( KR) world? Lowering prices is likely top on its list. And to optimize its real-estate footprint, Albertsons ( ACI) could also sell and lease back its stores or continue to close some stores outright.
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Christmas Day has arrived! But before running out the door for those last-minute gifts, stocking stuffers, tree trimmings ahead of Santa’s visit, or final, forgotten ingredients for that big dinner or delicious dessert,
OF COURSE, A BIG PART OF CHRISTMAS DAY, WHETHER YOU’RE SKIPPING THE COOKING AND LOOKING FOR A RESTAURANT TO EAT AT TONIGHT, OR MAYBE RUSHING FOR A LAST MINUTE INGREDIENTS, PEYTON SPELLACY HAS YOU COVERED THIS MORNING.