Kroger and Safeway parent company would close almost 600 stores as part of merger

grayscale photo of UNK signage by Giorgio Trovato is licensed under unsplash.com

The FTC sued to block the merger earlier this year, arguing it would create less competition between brands, which in turn could lead to reduced product quality and increased prices. The merger, the FTC claimed, could also be harmful for employees wanting higher pay and other benefits.

Kroger and Albertsons have contended that the merger is necessary for the two to compete with larger grocery chains, such as Walmart and Costco. The two grocery companies have also vowed to invest $500 million to cut prices and $1 billion to increase the pay and benefits of employees.

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