Kroger, Albertsons leaders believe merger will reduce prices for consumers, experts aren't so sure

Kroger seeks to create grocery giant with $20B Albertsons bid

"Our commitments are to lower prices starting Day 1, continue investing in our associates and stores and doing more in our communities than either of us can do alone," said McMullen."The best way to compete with mega stores like Walmart and highly capitalized online companies like Amazon will be through a merger with Kroger," said Sankaran.

"Kroger lists Albertsons as one of its main competitors in 5 out of 10 of Kroger’s top markets covering a total of 546 Kroger stores," he said.A representative of the National Grocer's Association says the merger could put mom-and-pop grocery stores out of business. "Countless grocers have been put out of business in areas where we now consider food deserts through successful predatory pricing campaigns," he said.

Ah yes, there’s nothing more proven than prices to consumers falling after someone spends $25B on an acquisition, further reducing competition. 🙄 The only way that works is if they didn’t have competing locations in the same geographical area.

Wow! That’s something! Maybe Walmart will have competition?

HEB is where it’s at

So it’s ok for Walmart and Amazon to have monopolies but not Kroger?!?

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Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »

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.
Fonte: dallasnews - 🏆 18. / 71 Consulte Mais informação »

Kroger, Albertsons CEOs Defend Grocery Merger at Senate HearingThe CEOs of the Kroger and Albertsons supermarket chains defended their proposed $20 billion merger at a Senate subcommittee hearing Tuesday, and vowed to keep prices low and protect workers’ jobs if the deal passes Yeah right And shareholders *cough* hedgefunds *cough* will get the gold. And they're defending it? No shame, when you also line pockets.. Many price in conect with distributors
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »

Kroger CEO says at congressional hearing no stores would close in proposed Albertsons mergerKroger CEO Rodney McMullen vowed at a congressional hearing Tuesday not to close stores or lay off frontline associates if the proposed merger between his company and Albertsons succeeds. He and Al… Yeah right... People, if you hear the word 'synergies ' polish up your resumes. Pretty sure we’ve heard that one before. I vowed to never say a bad word again too…
Fonte: denverpost - 🏆 13. / 72 Consulte Mais informação »

Kroger-Albertsons merger deal draws suspicion from lawmakersSenators raised questions about the prospect of higher food prices, stifled competition and an expansion of so-called “food deserts” where supermarket access is scarce.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »