Despite inflation, shoppers aren’t cutting back that much on purchases, the analyst said, a positive in Kroger’s favor.
Following the announcement of layoffs at U.S. retailers Albertsons and Kroger, Walmart has announced plans to lay off or relocate more than 800 corporate employees. As part of the massive retailer’s broader relocation strategy that began last year,
Overdose deaths from fentanyl rose 193% between 2019 and 2020 in Alaska, and the state wants another chance to try to prove Albertsons and Kroger knowingly contributed to the public health emergency.
CEO Vivek Sankaran, who took over the helm in 2019, led the company through its scuttled merger with Kroger KR.N.
Albertsons operating chief Susan Morris has held that post since January 2018. The disclosure of Sankaran’s impending departure comes the same day Kroger said CEO Rodney McMullen would resign.
Kroger appointed lead director Ronald Sargent as interim CEO, replacing its 10-year veteran leader after a failed merger with Albertsons.
In December, federal and state courts blocked the attempted merger between two of Colorado’s grocery store giants: Albertsons (Safeway) and Kroger (King Soopers, City Market). The merger was challenged by the Federal Trade Commission
Albertsons Chief Executive Officer Vivek Sankaran, who sparred with regulators over the grocery chain's deal to merge with Kroger, is stepping down. Susan Morris, Albertsons' operating chief, will succeed Sankaran,
Kroger CEO Rodney McMullen resigned from his post on Monday, weeks after a merger with Albertsons fell through.
Albertsons Companies (ACI) shares fell 1.6% on Monday after the grocery retailer appointed COO Susan Morris as its next CEO. Morris will succeed Vivek Sankaran, who will step down on May 1. A nearly 40-year Albertsons veteran,
Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. Kroger, the nation’s largest grocery chain, said Monday that the investigation into McMullen’s personal conduct was unrelated to the business, but was found to be inconsistent with its business ethics policy.