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The Latest in Food Retail

RETAIL & FINANCIAL

Amazon could look to acquire Kroger, Albertsons stores

Analysts have outlined a strategy for the delivery giant’s grocery business.

If Amazon wants to improve its grocery reach in the U.S., it might want to look at what's already there, according to a new analysis. Kroger and Albertsons are expected to divest up to 500 stores, many in areas that could be favorable for Amazon. The acquisition price could be another selling point.

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ISSUES & TRENDS

Largest union officially rejects Kroger, Albertsons merger

The United Food and Commercial Workers International Union (UFCW) and its 1.3 million members have voted to reject the $24.6B deal.

The largest private sector union in the country has now officially rejected the largest grocery store merger in history. The union also said it speculates that those who buy the divested stores, which could number close to 600, may face a high amount of debt.

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PRODUCT CATEGORIES

Safeway, Albertsons agree to $107M settlement in meat lawsuit

Customers in Oregon claim they were misled during a BOGO promotion.

You have heard of the expression “there is a lot of meat left on that bone.” For Safeway and Albertsons stores the meat had a lot of money left on those pounds. The lawsuit was submitted by customers and said, “They are paying more per pound than regularly priced meat, and they are buying more meat in order to obtain the illusory ‘free’ product.”

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LAWS & REGULATIONS

House debt-ceiling plan would impact SNAP recipients

Speaker McCarthy wants to increase the age window to save billions of dollars.

In order to temporarily lift the debt limit, House Speaker Kevin McCarthy may drag down the Supplemental Nutrition Assistance Program (SNAP) benefits for a group of Americans. In the bill, McCarthy wants to expand the additional work requirements for some who receive SNAP benefits but do not have children.

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