Alaska’s 2 biggest grocery chains to sell stores as part of merger. This business professor explains why

  • 📰 KTOOpubmedia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The two biggest grocery store chains in the country, and in Alaska, are moving forward with their multi-billion-dollar merger.

: You know, it’s interesting even though these mergers are national in scope, the arguments with the FTC are very local. And so Alaska is going to be one of the areas where, because it’s basically, you know, currently all Kroger and Albertsons, there’s a couple of Walmart Supercenters, you’ve got Costco to some extent as well. But, like, there’s really no easy alternative. And so the problems that this merger presents for the consumer are probably most acute in a place like Alaska.

: I think, probably for the average person, the concern would be that if C&S buys these stores, will they keep them open in the future? And what do you think about that?: Yeah, um, that’s a great question, and it’s the one on everyone’s mind. And, you know, at least in Washington, everyone wants to draw parallels to when Albertsons bought Safeway and sold a whole bunch of stores to Haggen, in order to satisfy FTC demands.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 439. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines