Kroger, Albertsons Execs Defend Merger to Senate Committee, Say Consolidation is Needed to Compete with Walmart and Amazon
Retail TouchPoints
NOVEMBER 30, 2022
However, Kroger’s McMullen pointed to increasing competition in grocery as the primary reason for the merger, saying in his testimony that since 2010, online retailers have increased their share of grocery sales by more than 14% and that those increases often come at the expense of companies like Kroger.
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