Albertsons Could Buy Price Chopper for $1 Billion
Supermarket chain Albertsons Companies is allegedly in advanced talks to acquire Price Chopper for around $1 billion, sources told Fortune. Price Chopper operates roughly 130 stores across the Northeast, and Albertsons has over 2,200 locations — making it the second-largest U.S. grocer behind Kroger. Sources also told Fortune that it’s still possible for the negotiations to fall through.
Total Retail’s Take: This deal would be the latest in the consolidation of the U.S. grocery industry. Amazon.com and Wal-Mart are stepping their grocery games up, and smaller, regional chains are struggling to keep up. Earlier this year, for example, two of the Northeast’s largest competitors combined when Dutch supermarket group Ahold and Belgian peer Delhaize merged.