Seattle Shopping Scene Facing Potential Shake-Up with Grocery Store Merger

Money | July 14, 2024, 6:53 a.m.

Kroger and Albertsons announced a merger two years ago to become the second-largest grocery retail chain in the US. Critics fear higher prices and reduced worker pay. The Federal Trade Commission and state attorneys sued to block the deal. To appease regulators, Kroger and Albertsons agreed to sell 579 stores to C&S Wholesale Grocers, impacting Seattle with 124 store divestitures. Concerns arise that C&S lacks the resources to maintain all stores, raising fears of closures and layoffs, reminiscent of a prior failed deal. Despite reassurances from Kroger and Albertsons, critics doubt C&S's ability to sustain operations. The Washington attorney general warns of potential harm if the deal proceeds. The fate of the merger remains uncertain pending court dates, with potential for abandonment if regulatory challenges persist.