Kroger and Albertsons: Traditional grocers will continue ‘downward slide' without merger [Yahoo! Finance]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Yahoo! Finance
Albertsons would “maintain the downward slide of the traditional grocery store, reducing consumer choice and reducing price competition,” the two retailers argued in their post-hearing brief, submitted on Sept. 27, in the federal antitrust case brought by the Federal Trade Commission and nine attorneys general. Arguments in the case, which began on Aug. 26 in the District Court of Oregon, concluded at the end of September with the submission of the post-hearing briefs, and both sides still await a decision by Judge Adrienne Nelson. Meanwhile, Kroger and Albertsons continue to defend their proposed deal in separate antitrust cases in Colorado and Washington. All three lawsuits argue that the merger violates antitrust law and would create a monopoly in the grocery industry, but Cincinnati, Ohio-based Kroger and Boise, Idaho-based Albertsons maintain that competition remains high in the industry from non-traditional grocers such as Walmart, Costco, and Amazon, among others. They also
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KR
News
- Kroger Closes Sale of Specialty Pharmacy Business [Yahoo! Finance]Yahoo! Finance
- Kroger Closes Sale of Specialty Pharmacy BusinessPR Newswire
- FTC: Kroger, Albertsons merger could mean higher prices in over 1,400 communities [Yahoo! Finance]Yahoo! Finance
- Natural Grocers says theft, safety issues behind closure of Colfax Avenue location in Denver [CBS News]CBS News
- Kroger Supports Disaster Response to Uplift Communities Impacted by Hurricane HelenePR Newswire
KR
Earnings
- 9/12/24 - Beat
KR
Sec Filings
- 10/2/24 - Form 8-K
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- KR's page on the SEC website