By Sam Silverstein
Source: Grocery Dive
Even as they trade barbs over which of them is to blame for the demise of their merger plan, Kroger and Albertsons have started looking past the failed transaction.
Both companies separately released statements about their futures as stand-alone companies on Wednesday, disclosing plans to repurchase billions of dollars in shares while outlining their vision for growth.
Kroger — which had promised to invest $1 billion to lower prices if it was able to complete the deal — said in a press release that it remains “committed” to bringing down costs for shoppers and investing in workers even though the merger fell through.
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