![]() ![]() It would be awful if they closed another Albertsons.” “The quality and service here is better than any other store in the neighborhood. ![]() “Anytime you hear about something like this you know it’s not going to be good,” said Katrina Medina, who has shopped at the Albertsons store in the Baldwin Hills Crenshaw Plaza shopping center for years. Shoppers also were worried by the news, particularly by the prospect of store closures. Jamie Court, president of Consumer Watchdog, a Santa Monica-based consumer advocacy group, called the proposed merger “a terrible idea.” The companies said some stores would close or change names, but executives said the details have yet to be determined.Ĭonsumer advocates and union representatives quickly decried the proposed deal and urged the government to take a hard look at the potential effects and block the combination. “We will take the learnings from each company to bring greater value and a better experience to more customers, more associates and more communities,” McMullen said Friday in a conference call with analysts and investors. Kroger’s $20-billion bid to buy smaller rival Albertsons would bring together several well-known Southern California grocery chains, including Ralphs and Vons, to create a supermarket giant in an era of higher food prices and increased competition for shoppers’ money.Īs the hottest inflation in 40 years eats into buying power, Kroger Chairman and Chief Executive Rodney McMullen vowed to use $1 billion in annual savings created by the proposed merger to lower shelf prices, remodel stores and improve worker wages and benefits. ![]()
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