Kroger would sell nearly 800 stores in the United States

Kroger would sell nearly 800 stores in the United States

Kroger would sell nearly 800 stores in the United States: The American supermarket chain Kroger reported that it could start a process of selling its almost 800 physical stores and reduce other costs, amid its battle against online sales and the emergence of new competitors such as Amazon.

Given this, the executive president of the retail chain, Rodney McMullen, indicated that it seems that it makes sense to do this economy. “Obviously it is a decision that you do not take lightly. These stores have been in business for a long time, ”the executive stressed.

Kroger would sell nearly 800 stores in the United States

McMullen added that the move toward a sale was part of routine analysis of the company’s extensive assets conducted several months ago and not in response to Amazon’s announcement that it would buy the whole food market in June. All 11,000 store employees were notified of the possible sale, Kroger said.

KROGER AND AHOLD DELHAIZE EVALUATE ALLIANCE

On the other hand, a surprise increase in the price of Kroger shares was registered earlier this week as new rumors emerged that there could be a merger of the supermarket giant with the international retailer Ahold Delhaize, published the Abasto.com portal.

It should be noted that the Dutch firm Ahold and the Belgian Delhaize, parent companies of the Giant and Food Lion supermarket chains, recently merged last year. According to Supermarket News, analysts suggest that Kroger and Ahold could look to each other to grow a little more as they battle Walmart and the potential competitive success of Amazon, which now controls Whole Foods.

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“As a larger, combined business, companies would gain ground in purchasing power and save money by combining headquarters, management, and logistics,” the analysts said.

Yet nowhere in the North American market do Ahold Delhaize-owned supermarket chains rank in the top three. The merger with Kroger could help Ahold Delhaize win a larger clientele. Stay Tuned to Krogerfeedback.pro for more latest news on Kroger Stores.

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