– Kroger, a major supermarket chain, is planning to sell off some of its stores to secure a merger with Albertsons.
– Fred Meyer, Kroger’s furniture branch, is not part of the sale and will remain under Kroger’s control.
– The merger between Kroger and Albertsons will form one of the largest grocery companies in the US.
– Kroger intends to focus more on its grocery and e-commerce businesses, hence the decision to offload some stores.
– Analysts speculate that the decision to keep Fred Meyer could be due to the branch’s growth potential in the online furniture market.
– Since the pandemic, the demand for furniture has spiked with increases in home remodeling and improvement projects.

Kroger’s Store Offload Plans

Merger Creates New Grocery Giant

Future Potential for Fred Meyer

As Kroger prepares to create a grocery goliath through a strategic merger with Albertsons, plans to offload some stores come as no surprise. Even if some satellites are jettisoned into the retail space, the furniture sector need not fear, as Fred Meyer was spared the cut. The decision to keep Fred Meyer under its strong, comforting arm of Kroger could be hinting at a future venture exploring the online furniture market. After all, the pandemic has cultivated an environment ripe for home-related sales. A stroke of strategic genius, indeed! The takeaway here is simple – even in times of transformative mergers, there is always room for furniture, and perhaps, there always will be.

originial article https://www.furnituretoday.com/?p=318645

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