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Kroger to buy Albertsons?

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02 Park Ave:

--- Quote from: SP Cook on October 14, 2022, 08:45:33 AM ---

If you look at a map of their operations, there are places where they overlap each other greatly and would have unacceptable market shares, and places where one or the other is unknown.  My guess is that they will have to sell of a list of stores in different places, leaving an (almost) truly national grocery chain for the first time in our history. 

--- End quote ---

At its peak A&P had over 15,000 grocery stores.

The Safeway/Albertsons merger a while ago managed to leave a lot of Washington worse off in terms of selection and store availability. In my area alone, an Albertson's a few miles between two Safeways was shuttered and Haggen (which bought up many of the overlapping stores) went bankrupt.

This would be a good time for the likes of Publix, HEB, or HyVee to start picking up market share. HyVee, especially, could end up with a fair number of Chicago-area stores.

Or heck, Amazon could end up with a large number of stores and start doing more expansion of either Amazon Fresh or Whole Foods.


--- Quote from: SP Cook on October 14, 2022, 10:35:50 AM ---
--- Quote from: elsmere241 on October 14, 2022, 10:05:21 AM ---
They see themselves spinning off about 400 stores.

--- End quote ---

That is Kroger’s opening proposal.  A single entity owned by the old Albertson’s stock holders containing the overlapping stores. 

Wells-Fargo on the other hand thinks Kroger will have to sell off more stores, about 550 and do so region by region.  W-F is probably correct, a 450 store company with stores in random unconnected places (Texas, inter mountain West, SoCal, DC-BAL, Chicago) would be unwieldy.  Selling a region off to a big chain that doesn’t do business there, would make more sense.

--- End quote ---

Considering that Publix already has stores in Virginia, they could very well end up with every non-Harris Teeter branded store in the DC metro area. On the West Coast, Raley's and Save-Mart could end up with stores in CA, NV, AZ, even UT.

Another corporate merger the government will rubber-stamp.


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