By Sarina Trangle
Source: Investopedia
Kroger had big merger plans. Now that those are off, one research team says the grocery chain needs to stack its team with people who can help Kroger contend with Walmart.
A Walmart alum might be particularly well-suited to help Kroger meet the moment, Melius Research said in a note published Friday. The analysts named CEO and board candidates, they believe could help Kroger keep customers who have been shifting their grocery business to the retail giant. Kroger sought to compete with Walmart by merging with Albertsons, but abandoned the idea last year after a court blocked the deal.
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