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☆ U.S. grocer Kroger in talks to merge with rival Albertsons - Bloomberg News
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

Oct 13 (Reuters) - U.S. grocery giant Kroger Co (KR.N) is in talks to merge with smaller rival Albertsons Companies Inc (ACI.N), Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of Albertsons rose 7% on the report, while Kroger's stock slipped. Kroger, which also houses supermarket chains such as Fred Meyer, Ralphs and King Soopers, trails Walmart Inc (WMT.N), the top grocer in the country. A deal could be reached as soon as this week, Bloomberg reported, adding that no final decision has been taken and talks could still be delayed or falter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Venugopal in Bengaluru; Editing by Shinjini Ganguli and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ France's AXA commits up to 200 mln euros to Monte dei Paschi cash call - sources
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: 1 min

Factbox: Mega merger talks turn spotlight on Kroger, Albertsons, article with imageDeals · October 13, 2022 · 4:52 PM UTC · undefined ago · undefined agoGrocery giant Kroger Co (KR.N) is to merge with smaller rival Albertsons Companies Inc (ACI.N), Bloomberg News reported on Thursday, in what would be one of the biggest deals in the U.S. retail landscape in recent years.

☆ Factbox: Kroger-Albertsons merger to bring Fred Meyer, Safeway under one roof
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: 1 min

Oct 14 (Reuters) - Supermarket chain Kroger Co (<KR.N>) said on Friday it will buy smaller rival Albertsons Companies Inc (<ACI.N>) in a $24.6 billion transaction, in one of the biggest deals in the U.S. retail landscape in recent years. read moreThe merger would create a supermarket titan with expected annual sales of around $210 billion. Here are some key facts about the grocers:Register now for FREE unlimited access to Reuters.com RegisterReporting by Deborah Sophia in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Ocado shares jump over 10% on Kroger/Albertsons merger report
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

Kroger is in talks to merge with Albertsons, Bloomberg News reported, citing people familiar with the matter. Register now for FREE unlimited access to Reuters.com RegisterOcado struck a deal with Kroger in 2018 to help the U.S. firm ratchet up its delivery business with the construction of robotically operated warehouses. The initial deal saw Kroger identify at least 20 sites to build automated warehouses, or customer fulfilment centres (CFCs) as Ocado calls them, in the United States. Ocado reported in May that six Kroger CFCs were live. Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ Final Trades: KR, WBA, XLF and GOVT
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: KR, WBA, XLF and GOVTCNBC's Melissa Lee and the Fast Money traders, Guy Adami, Dan Nathan, Karen Finerman, and Courtney Garcia share their final trades.

☆ Low-price grocers like Aldi are winning as consumers trade down
▼ + stars: | 2022-10-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New York CNN Business —With grocery prices soaring, consumers are changing the way they shop for food. “Inflation is hitting everyone.”More consumers are additionally switching over to store brands, also called “private label,” which are often comparable in quality and lower in price. “I don’t think you can underestimate the strength of all these private label offerings,” said Heather Lalley, editor in chief of Winsight Grocery Business, a trade publication. “Now we’re seeing other retailers trying to emulate them.”In September, for example, Kroger (KR) announced a new budget private label brand called Smartway, which consolidates some of its other private label brands under one umbrella. Aldi, for one, is rolling out a new tagline to explain what it’s all about: It’s An Aldi Thing.

☆ What Kroger, Walmart, Target learned from China's Alibaba about grocery's future
▼ + stars: | 2022-09-25 | by ( Rebecca Fannin | ) www.cnbc.com time to read: +5 min

Kroger has adopted an omnichannel strategy, integration of offline or in-store sales with online orders and logistics. They looked at the New Retail model born in China for complete integration of offline and online channels," he said. But the action was jumpstarted when Amazon bought Whole Foods Market in 2017 and began introducing several advanced technologies to streamline in-store shopping, a shift that also spread to large retailers Walmart and Target. Kroger digital sales gained by 8 percent in the second quarter of 2022, while in-store and online combined gained 5.8 percent from a year earlier. He pointed out that "half of Kroger's app stores are bringing in incremental business and half are cannibalizing in-store sales."

This is the first time Cruise has acknowledged the long-term need for remote human operators. Truly autonomous vehicles are far behind the optimistic rollout schedules predicted just a few years ago. In a June interview on YouTube, Musk said developing self-driving cars was "way harder than I originally thought, by far." Over time, those people will act as "air traffic controllers," supervising a growing number of autonomous cars. "Even decades from now you will not get to 100% truly autonomous vehicles," Kaveh added.

☆ Anunț de lansare a licitației privind achiziționarea unui mărunțitor de resturi vegetale
▼ + stars: | 2021-01-12 | by ( Alte Articole | ) www.civic.md time to read: +3 min

Prin acest apel invităm toate companiile sau organizațiile specializate în comercializarea utilajului agricol , să expedieze oferta de preț, în corespundere cu următorii parametri tehnici:Nr. Denumire produs Parametrii tehnici Cantitatea 1 Mărunțitor de resturi vegetale (tăvălug fărămițător cu cuțite) KR-6- 560P Destinat pentru tocarea si distribuirea uniforma in câmp a resturilor vegetale, porumb, floarea soarerului, rapita etc. Ofertantul va indica, de asemenea, disponibilitatea livrărilor cu aplicarea TVA la cota zero, la prezentarea documentelor confirmative de către GAL; Termenii de livrare a produsului. Notă: În cadrul realizării proiectului o parte din fonduri este scutită de achitarea TVA, fapt pentru care se va livra o scrisoare confirmativă de la finanțatorii proiectului. Partenerul strategic al proiectului este Ministerul Agriculturii, Dezvoltării Regionale și Mediului al Republicii Moldova

Persons: KR, P Organizations: Uniunii Europene, Ministerul Agriculturii, Dezvoltării Regionale Locations: Scumpia, Republica Moldova, Moldova, Republicii Moldova

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