Although Safeway and Albertsons said no store closures were planned as a result of the pending merger of the two companies, it is possible that some stores could be divested to meet Federal Trade Commission antitrust requirements.
Safeway and Albertsons said Thursday that they have agreed to a merger in which AB Acquistion, the parent of Albertsons, will acquire Safeway for a total value to Safeway shareholders of $40 per share, or $9 billion.
Kroger Co., in its last quarterly earnings call that will not include results from the purchase of Harris Teeter, declined to comment on reports that it is exploring a bid to acquire all or part of Safeway.
Some of the fastest-growing food-retailing chains in the country are those targeting ethnic groups such as Hispanics and Asians, as illustrated by the numbers in SN’s 2014 lists of the Top 75 Retailers and Wholesalers in North America and the Top 50 Small Chains and Independents.
One of the key skills that Kroger Co. hopes to gain from its acquisition of Harris Teeter, completed at the end of January, is in the way it executes its online grocery offering, Kroger executives said.
Despite a flurry of legislative and regulatory activity in January around industry issues such as the Farm Bill and the Affordable Care Act, the forecast this year calls for a prolonged dry spell in Washington.
Food Marketing Institute and National Grocers Association were among the retail groups that said they supported the advancement of a bill to change the definition of “full time” in the Affordable Care Act.