News

Menzer: A ‘Different’ Wal-Mart

BY CSA STAFF

Bentonville, Ark., Wal-Mart Stores described a new style of business during the company’s analyst meeting. “Some of you see our size as a liability,” said John Menzer, who was recently named head of the U.S. stores division. “We can be nimble. And we will be different—very different—from the Wal-Mart you know.”

Some of those differences will be seen in the merchandising department, he said. “We’re going to take risks in merchandising,” he said. “We’re going to take risks in marketing. We’re going to reach out to new consumers who are not fully shopping our stores.”

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FINANCE

Report: Kroger Bids for Albertson’s

BY CSA STAFF

New York City, Kroger appears to be in the running for Boise, Idaho-based Albertson’s. According to Reuters, not only has Albertson’s received a preliminary takeover bid from its Cincinnati-based rival Kroger Co., Albertson’s also has generated interest from pharmacy drugstore chains Walgreen Co., Rite-Aid and CVS.

Investment firms Kohlberg Kravis Roberts, Thomas H. Lee Partners and Yucaipa Companies are also in the bidding mix, according to reports. Albertson’s market value is estimated at about $10 billion, plus some $6.5 billion in debt.

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News

Report: Kroger Bids for Albertson’s

BY CSA STAFF

New York City, Kroger appears to be in the running for Boise, Idaho-based Albertson’s. According to Reuters, not only has Albertson’s received a preliminary takeover bid from its Cincinnati-based rival Kroger Co., Albertson’s also has generated interest from pharmacy drugstore chains Walgreen Co., Rite-Aid and CVS.

Investment firms Kohlberg Kravis Roberts, Thomas H. Lee Partners and Yucaipa Companies are also in the bidding mix, according to reports. Albertson’s market value is estimated at about $10 billion, plus some $6.5 billion in debt.

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