In March of 2018, Kroger announced that it would be purchasing Lucky’s Market, a grocery store chain with 137 stores across nine states. The purchase price was not disclosed, but Kroger stated that it would be investing in the stores and upgrading their technology.
Lucky’s Market is the fourth largest grocery store chain in the US.
Lucky’s Market has a long history with Kroger. In 1998, Kroger acquired the chain’s parent company, Lucky’s Markets, Inc.
Kroger has since been the sole owner of the chain.
The purchase of Lucky’s Market by Kroger signals a renewed focus by the company on the grocery store market. Kroger has been struggling to keep up with the growth of Walmart and Amazon, and the acquisition of Lucky’s Market will help the company compete more effectively.
While the purchase of Lucky’s Market by Kroger is positive for the chain’s customers, it is unclear whether the chain will be merged into Kroger’s existing stores or operated as a standalone chain. The purchase price was not disclosed, and it is unclear how much of the chain’s assets will be transferred to Kroger.
The purchase of Lucky’s Market by Kroger is an important step for the company, and it will likely help Kroger compete more effectively against Walmart and Amazon.
