by Mike Duff | Feb 14, 2024 | Retail Articles
Beset with criticism and regulatory scrutiny about the possibly anti-competitive results of a merger with Albertsons Co., The Kroger Co. is answering with a declaration of how the company lowered prices after previous mergers. Kroger stated it has invested to lower...
by Mike Duff | Jan 29, 2024 | Retail Articles
iRobot and Amazon have announced that they have entered into a mutual agreement to terminate the acquisition agreement they originally signed on August 4, 2022, a move that triggers a $94 million termination payment from the retailer to the manufacturer. At the same...
by Mike Duff | Nov 30, 2023 | Retail Articles
Despite tighter consumer spending, Kroger stated that the flexibility of its business model helped the company navigate the third quarter when it topped a Wall Street estimate on earnings and revenue. Company net earnings were $646 million, or 88 cents per diluted...
by Mike Duff | Oct 17, 2023 | Retail Articles
As its acquisition by The Kroger Co. proceeds, Albertsons Cos. beat Wall Street second-quarter sales and earnings estimates despite a net income decline. Net income for the quarter was $266.9 million, or 46 cents per diluted share, versus $342.7 million, or 59 cents...
by Mike Duff | Jul 25, 2023 | Retail Articles
iRobot has entered into a new $200 million credit facility that prompted the company and Amazon to amend the price per share formerly set for its acquisition by the retailer. Under the amended acquisition terms, Amazon will pay $51.75 per share revised down from $61...
