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Kroger, Albertsons reveal divestiture plan

Kroger, Albertsons reveal divestiture plan

The Kroger Co. and Albertsons Cos, today announced that they have entered a definitive agreement with C&S Wholesale Grocers LLC for the sale of 413 stores and other assets s in connection with the supermarket retailers’ proposed merger. The agreement also calls for Keene, N.H.

DG posts 24% decline in operating profit

DG posts 24% decline in operating profit

Dollar General Corp. today reported a 24.2% decline in operating profit for its fiscal second quarter. Same-store sales declined 0.1% in  the  13 weeks to August 4. Contributions from newly opened stores drove a 3.9% increase in net sales from a year earlier, to $9.8 billion.