Margaret Caldwell featured in Wealth Management: Retail owners see big benefits in Kroger/Albertsons merger. | Job Binary

Margaret Caldwell
Investment sales broker

ATLANTA, GA (October 24, 2022) – Margaret Caldwell, investment sales broker in Northmarq’s Atlanta investment sales office, shared her insights on the Kroger/Albertsons merger. Journal of Wealth Management. On October 14, Kroger announced plans to buy rival Albertsons. The move, which is expected to close in early 2024, will bring potential revenue to $200 billion and a consolidated employee base of more than 700,000. Currently, the two food companies operate 4,996 stores, 66 distribution centers, 52 manufacturing plants, 3,972 pharmacies and 2,015 fuel centers across the country.

Store overlap and consolidation in the Mid-Atlantic, Midwest, Southwest and Pacific Northwest markets means some locations may close. “Sales per square foot will be one of the most important factors in deciding which stores to close, but decisions will also be driven by concerns about giving away market share to a competitor down the street,” Caldwell said. He also noted the proximity of some Kroger and Albertsons stores on the West Coast.

Nationwide, Kroger currently ranks second in market share at 10.2 percent. Walmart is ranked No. 1 and controls a 21.3 percent market share. Costco is third with a 7.0 percent market share, and Albertsons is fourth with a 5.8 percent market share.

Other topics include:

  • What the merger means for competitors
  • FTC Rules
  • Opportunities in the large CRE market are closing

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