Wednesday, August 31, 2016

Kroger's potential deal for Walgreens, Rite Aid stores will make Publix, other retailers 'very nervous'

If Kroger Co. snaps up Walgreens and Rite Aid stores, it could give it a major competitive edge over Publix. If Kroger Co.'s reported plans to buy Walgreens and Rite Aid stores come to fruition, it could give the grocer a major competitive edge over Publix Super Markets Inc. and other retailers.

When Rite Aid and Walgreens complete their merger later this year, about 500 of their stores will likely be put up for sale — and Kroger is a potential buyer, according to Bloomberg. It's not yet known which stores, or where, might be part of the deal.. . . more

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