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Kroger announces plans to buy Albertsons. Kroger has 8 stores that are mostly located in the Shreveport, Bossier city area while Albertsons is primarily in the Lafayette and Baton Rouge area. When combined the merger could possibly create one of the largest supermarket chains in the country, and have one of its largest private employers.
Retail Analyst Wade Ragas says consumers won’t be inconvenienced.
“I think it’ll have more choices then they have now because any redundancies they have between the stores they’ll tend to reduce those a bit and introduce new product,” said Ragas.
Inflation is a problem most consumers have been dealing with, Ragas says this deal could change the retail industry.
“They may be able to reduce the cost and price, everyone’s aware the recession likelihood is high so that means your not trying to see how elaborate you can make the cost your trying to minimize cost,” said Ragas.
The deal is expected to close in 2024 if the federal government approves. Both of the companies combined reach over 85 million households, Ragas says he’s expecting a reasonable outcome.
“And that’s if they approve without other complaints and there will be some stores sold in the process, its going to be the smaller stores in the combines chain. The merge is likely to cause some sells,” said Ragas.
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