All articles tagged with #grocery chains
Kroger plans to close 60 stores over the next 18 months, including Ralphs and Food 4 Less locations in California, resulting in a $100 million loss but expected to bring modest financial benefits. The closures are part of broader challenges for Kroger, which has faced leadership changes, failed mergers, and labor disputes, amid a slight decline in quarterly earnings and a drop in share prices.
Kroger, owner of Fred Meyer and QFC, plans to close 60 stores across the U.S. over the next 18 months as part of a nationwide restructuring.
Blue Yonder, a supply chain software company, experienced a ransomware attack on its managed services hosted environment, affecting major grocery chains in the UK and US. While its Azure public cloud services were unaffected, the incident disrupted operations for clients like Morrisons and Sainsbury's. Blue Yonder is working with cybersecurity experts to recover but has not provided a timeline for full restoration. The attack underscores the vulnerability of supply chain companies to cyber threats.
Kroger and Albertsons plan to sell over 400 stores and other assets as part of their proposed $24.6 billion merger, in order to comply with U.S. antitrust laws and secure regulatory clearance. The stores will be sold to C&S Wholesale Grocers, along with several brand names and private label brands. The merger aims to create a stronger competitor against Walmart and Amazon in the grocery business. The deal is expected to be finalized soon, although it remains uncertain if regulators will approve it due to concerns about potential control over grocery prices.