News Formal

'You can pretty much name your price': Critic says Kroger-Albertsons merger would hurt Alaskans

  • 📰 AKpublicnews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 55%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

“The federal regulators are starting to look at market power,” said AKPIRG's Graham Downey, as Alaska's two largest grocers plan to merge. “Prices might be less in the short term, but in the long term what kind of economy are we creating here?”

-A Carrs Safeway store owned by Albertsons at the Midtown Mall in Anchorage. Kroger, which owns Alaska’s Fred Meyer stores, plans to buy Albertsons for $24.6 billion.

But Alaskans are worried about jobs and the downsides of such a merger. Kroger runs Alaska’s Fred Meyer stores, and Albertsons runs Carrs Safeway stores. Nationally, Kroger is the nation’s second-largest supermarket chain and Albertsons is the fourth-largest grocer. In a screen capture from announcement video, Rodney McMullen, Kroger Chairman and CEO is welcomed to an Albertsons grocery store by Vivek Sankaran, the current CEO of Albertsons companies.

But the 12 large Fred Meyer and 35 Carrs Safeway stores are the major competitors in the Anchorage, Fairbanks, Juneau, Kenai-Soldotna and Palmer-Wasilla areas. They serve more Alaskans in those population centers than any other retailers.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 387. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Senators push Kroger-Albertsons CEOs on concerns over $25 billion mergerSenators pressed the chief executive officers of Kroger Co. and Albertsons Cos. on Tuesday about whether their proposed $24.6 billion deal to create a...
La source: dallasnews - 🏆 18. / 71 Lire la suite »

Kroger stock pops 2.5% premarket after earnings beat and as company raises its full-year guidanceKroger Co. stock undefined jumped 2.5% in premarket trade Thursday, after the supermarket chain posted better-than-expected third-quarter earnings and raised...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Kroger, Albertsons bosses go before Senate to defend $25 billion mergerThe hearing will refocus the spotlight on a merger that has sparked opposition from lawmakers, labor unions and consumer groups. No. Ultimate price fixing for essentials for everyday living. No! No, but then break up Amazon / Whole Foods if you’re gonna say that. Precedent is set, grocery is just trying to put together a concerted front before they’re both replaced by digital companies.
La source: dallasnews - 🏆 18. / 71 Lire la suite »