More than a month after announcing that Kroger and Albertsons grocery stores will merge, the corporations have no explanation for how it will affect Fred Meyer and Safeway customers in Alaska.from their CEOs.
“And what that means when they say they’re getting more efficient, which is how they sort of sell this, is they mean they’re firing people,” said Graham Downey, a consumer advocate with the Alaska Public Interest Research Group. “It means you had two grocery stores and now you have one. So, you have half as many employees, but all the same customers.”
Vivek Sankaran, the current CEO of Albertsons, said the new company will upgrade stores and expand the brands they sell. It would also have a huge database of national consumer behavior data, which some analysts are calling the real prize, because it could be used to generate billions in revenue. Just one grocer would run the companies’ many regional chains, such as Harris Teeter, Ralphs, QFC, King Soopers, Vons, Safeway, Jewel Osco, and Acme.There are some independent grocers in Alaska, niche stores like the Roaming Root in Fairbanks, IGA stores and the member-owned cooperative in Fairbanks.
“And then you have market power — the power to set the prices,” Downey said. “You don’t have the competitor across the street making sure you don’t have a crazy price on milk or cucumbers. You can pretty much name your price and people are gonna have to pay it.”
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