The Kroger Co. has agreed to pay West Virginia $68 million to settle claims that it fueled the opioid epidemic through lax oversight of its pill sales, bringing the state’s years-long litigation over the opioid crisis to a close. The deal, announced Thursday by West Virginia Attorney General Patrick Morrisey, comes a month before the…

Kroger Co. on Thursday reported bumper quarterly results and forecast annual profit above Wall Street estimates, as the U.S. grocer bets on higher food prices and embarks on cost-cutting measures across its digital business and supply chain. The supermarket chain’s shares rose 3 percent as the outlook took Wall Street by surprise, after a string…

A private lawsuit filed in California on Thursday seeks to stop Kroger Co.’s planned $25 billion purchase of rival Albertsons Companies Inc., a deal that state attorneys general, consumer groups and some U.S. lawmakers have questioned as harmful to competition in the grocery market. The lawsuit was filed on behalf of 25 consumers in states…

Kroger CEO Rodney McMullen said half the chain’s customers are under “a lot” of financial strain due to high inflation. The retail chain has been working with its manufacturers on how they can work together to reduce costs as its customers remain under financial strain, said McMullen at a conference on Jan. 16, reported Fox…

WASHINGTON (Reuters) – Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co and Albertsons Companies Inc on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the Senate Judiciary Committee’s antitrust subcommittee, said she worried the…

WASHINGTON—Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co. and Albertsons Companies Inc. on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the Senate Judiciary Committee’s antitrust subcommittee, said she worried the deal would mean…

LOS ANGELES—Grocery giants Kroger and Albertsons have confirmed a merger agreement that would create a mega-chain of about 5,000 stores across the nation, assuming the deal escapes an antitrust review from federal regulators. Under the deal announced Oct. 14, Kroger—the parent company of Ralphs—will obtain Albertsons Cos. for roughly $25 billion. According to Kroger, the…

Two of the nation’s largest grocers have agreed to merge in a deal they say would help them better compete with Walmart, Amazon, and other major companies that have stepped into the grocery business. Kroger on Friday bid $20 billion for Albertsons Companies Inc., or $34.10 per share. Kroger will also assume $4.7 billion of…

Kroger Co raised its annual sales and profit forecasts on Friday as inflation-hit consumers drive up demand for groceries and household essentials at the cost of discretionary goods. Shares of the Cincinnati, Ohio-based grocer whose quarterly results also topped estimates, rose nearly 4 percent. Grocery retailers tend to perform well in an economic turmoil as…

More than 400,000 bottles of over-the-counter pain medication sold across the United States have been recalled because the bottles are not child-resistant, according to notices posted on the U.S. Consumer Product Safety Commission’s (CPSC) website. About 137,300 units of Walgreens brand acetaminophen and 25,660 units of Kroger brand arthritis pain acetaminophen were recalled by Aurohealth. Recalled…