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The Latest Breaking News from Kroger

Is Kroger a Buy as Its Mega Merger Faces Legal Challenges?

Kroger’s (KR) $25 billion merger with Albertsons (ACI) is in limbo as federal regulators and states push to block the deal over concerns of higher prices and reduced competition. As the legal battle heats up, the company is fighting to prove the merger’s benefits for shoppers. In this article, we’ll…

StockNews.com

Washington, Colorado take on Kroger

The supermarkets argue mega-stores like Costco, Amazon and Walmart are their real competitors

Salon

Major Supermarket Chain Put Fake Weights on Foods To Charge More: District Attorney

Albertsons and Vons will pay a multi-million dollar settlement after customers complained that prices were misleading.

International Business Times

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The Foodstuffs merger is dead – but that still won’t fix NZ’s over-concentrated supermarket sector

Two of the dominant players in New Zealand’s supermarket sector – Foodstuffs North Island and Foodstuffs South Island – have failed in their quest to officially join forces.

The Conversation

Kroger's Rival Takes A Staggering $25M Loss To Sell Over 200 Grocery Items At Lowest Possible Price

Giant Eagle announced a $25 million price reduction plan to compete with rivals. Prices of many items will be slashed by up to $2.

International Business Times UK

People Are Eating Out Less, Cooking At Home More: Report

As inflation eases, consumers are finding better prices in the grocery aisles

International Business Times

Grocery stores that donate expiring food − instead of price discounting or discarding − make higher profits

All major supermarkets and retailers that sell groceries, such as Kroger, Walmart and Costco, give large amounts of food to food banks and pantries. In 2022, retailers donated close to 2 billion pounds of food across the United States, which amounted to US$3.5 billion that year. The estimated value of…

The Conversation

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Home cookin': Diners skipping restaurants and making more meals at home as inflation trend inverts

Eating in is in and eating out is out

The Independent UK

How "guarded" contracts set food prices

With food prices up 25% over the last four years, it may be worth asking – what determines the cost of food?

Salon

Kroger-Albertsons merger will increase costs for shoppers, says FTC chair

Lina Khan made remark on largest-ever US grocery merger, which FTC is seeking to block, on CBS’s 60 Minutes

The Guardian - US

Lydia Ko continues her 2024 surge at Kroger Queen City Championship

Ko has turned on the jets and she's not slowing down.

USA Today Sports Media Group

Solheim Cup champs Nelly Korda, Lexi Thompson, Rose Zhang headline field at Kroger Queen City Championship as LPGA returns

Fresh off the 2024 Solheim Cup, the LPGA is right back at it this week.

USA Today Sports Media Group

Kroger and Albertsons prepare to make a final federal court argument for their merger

Closing arguments are coming up in the Federal Trade Commission's attempt to block the proposed merger of supermarket chains Kroger and Albertsons

The Independent UK

Stocks Finish Higher on Economic Optimism

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up by +0.75%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.97%. Stocks on Thursday recovered from early losses and moved higher the...

Barchart

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Salon

Megamerger threatens higher grocery cost

Kroger and Albertsons merger would benefit brands that exploited the pandemic and high inflation to raise prices

Barchart

The Kroger Stock: Is KR Underperforming the Consumer Staples Sector?

Kroger has been trailing behind the consumer staples sector over the past year, yet analysts remain optimistic about the stock’s prospects.

StockNews.com

3 Value Stocks to Buy with P/E Ratios Below 15

Stocks with low P/E ratios can offer great returns as the market catches on to their true potential. In this article, we discuss three undervalued picks Kroger (KR), Textron (TXT), and United Therapeutics (UTHR), with P/E ratios below 15. Keep reading….

International Business Times UK

Albertsons And Kroger CEOs Push For Merger Saying It'll Allow Them To Lower Prices And Better Compete Against Walmart, Costco And Amazon

Kroger and Albertsons seek to merge, arguing it will lower prices, but the FTC opposes the merger due to competition, job losses, and store closures.

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The Independent UK

The CEOs of Kroger and Albertsons are in court to defend plans for a huge supermarket merger

The chief executives of Kroger and Albertsons are set to testify in federal court about their companies' proposed merger

International Business Times UK

Walmart Store Launches 'No Quit Program': Asks Employees to Speak with Store Manager Before Resigning

Walmart has introduced a controversial "No Quit Program" requiring employees to meet with management before resigning.

The Independent UK

Kroger and Albertsons head to court to defend merger plan against US regulators' objections

Kroger and Albertsons will defend their plan to merge in a hearing scheduled to begin Monday in federal court in Oregon

Salon

"Unconstitutional": Kroger sues the FTC

"We stand prepared to defend this merger in the upcoming trial in federal court," Kroger CEO Rodney McMullen said

Salon

Kroger pledges $1 billion in price cuts

Senators Elizabeth Warren and Robert P. Casey, Jr. worry Kroger will "squeeze consumers to increase profits"

International Business Times UK

US Senators Warn Walmart And Kroger May Raise Grocery Prices Without Warning With Digital Price Tags

US Senators accuse Kroger of manipulating prices using digital price tags, which could lead to "dynamic price gouging."

Reason

Harris Joins the FTC's Food Fight Against Kroger-Albertsons Merger

Amid rising grocery costs, the FTC's fight against the merger may end up hurting the very consumers it's supposed to protect.

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