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

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“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.

 

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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