The Kroger Co. and Roundy's, Inc., announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy's for $3.60 per share in cash.
Consumer confidence in food safety is at its highest point in seven years, with 88 percent of shoppers “completely” or “somewhat” confident in the safety of food at the supermarket.
While shopping frequency across most retail channels is flat or declining, supercenters - which enable consumers to combine shopping trips - continue to show growth.