Kroger

Kroger has announced plans to close approximately 60 of its grocery stores – about 5% of its total locations – over the next 18 months as part of a broader operational review. The U.S. supermarket giant disclosed the decision in its latest earnings report on Friday, stating that the closures would incur a $100 million…

The proposed $25 billion merger between grocery giants Albertsons and Kroger – set to be the largest supermarket deal in U.S. history – has officially collapsed. Albertsons announced the termination on Wednesday, just one day after a federal judge blocked the merger, citing concerns over reduced competition and potential price hikes for consumers. In addition…