Sale of 35 Illinois Mariano’s, Jewel Stores Possible with Kroger Albertsons Merger

Estimated read time 4 min read

Kroger and Albertsons have given out a comprehensive list of stores that will be sold if their merger gets approval. This list includes 35 Mariano’s and Jewel-Osco stores in Illinois. Back September 2023, the two grocery chains agreed to sell over 400 stores and other properties for nearly $1.9 billion. This step is meant to prepare for the merger, which would join two of the biggest grocery chains in the.

 

Reason for the Merger

The proposed combination of Kroger and Albertsons is seen as a necessary move to stay competitive with big firms such as Walmart and Amazon who are expanding their presence in the grocery industry. The food retail business has experienced considerable merging due to tough conditions, such as climbing costs for products and manpower. The proposed partnership is their solution to solidify market standing.

 

Complete List of Illinois Stores Planned for Sale

A total rundown of stores targeted for divestiture in Illinois,

Jewel-Osco Locations,

  •  12001 S Pulaski Rd, Alsip
  •  87 W 87th St, Chicago
  •  1537 N Larkin Ave, Joliet
  •  12803 S Harlem Ave, Palos Heights

 

Mariano’s Locations,

  •  802 E Northwest Hwy, Arlington Heights
  • 144 S Gary Ave, Bloomingdale
  • 3350 N Western Ave, Chicago
  • 5353 N Elston Ave, Chicago
  • 1800 W Lawrence Ave, Chicago
  • 5201 N Sheridan Rd, Chicago
  • 1500 N Clybourn Ave Ste 104, Chicago
  • 3030 N Broadway Ste 100, Chicago
  • 3857 S Dr. Martin Luther King Jr. Dr, Chicago
  • 105 Northwest Hwy, Crystal Lake
  • 2999 Waukegan Rd, Deerfield
  • 10 E Golf Rd, Des Plaines
  • 678 N York St, Elmhurst
  • 21001 S LaGrange Rd, Frankfort
  • 6655 Grand Ave, Gurnee
  • 1350 E Route 22, Lake Zurich
  • 345 W Roosevelt Ave, Lombard
  • 1300 S Naper Blvd, Naperville
  • 784 Skokie Blvd, Northbrook
  • 11000 S Cicero Ave, Oak Lawn
  • 9504 142nd St, Orland Park
  • 545 N Hicks Rd, Palatine
  • 1900 S Cumberland Ave, Park Ridge
  • 950 Brook Forest Ave, Shorewood
  • 3358 W Touhy Ave, Skokie
  • 1720 N Milwaukee Ave, Vernon Hills
  • 3020 Wolf Rd, Westchester
  • 4700 Gilbert Ave, Western Springs
  • 150 W 63rd St, Westmont
  • 625 S Main St, Wheaton
  • 1822 Willow Rd, Winnetka

 

Plans for Employees and Communities Post-Merger Approval

Kroger and Albertsons state that no store will be shut down due to this merger under their divestiture plan. Fulltime workers will keep their jobs while existing labor agreements will remain active. Workers were informed about transitioning to C&S Wholesale Grocers the company purchasing these grocers, post-merger.

Rodney McMullen, CEO of Kroger, highlighted that the merger can lead to cheaper rates and more options for clients. He further assured that the updated disinvestment plan would meet Kroger’s commitments towards consumers, workers, as well as the community. This in turn, takes care of them and gives C&S capability to operate the divested stores successfully.

 

Legal Issues and Hindrances

The merger encountered stern legal blockades. The U.S. Federal Trade Commission (FTC) initially halted this deal claiming it could result in a surge in grocery costs for customers and reduced salaries for workers citing limited competition. Following FTC’s rejection of their preliminary plan to sell 413 stores for $1.9 billion, both Kroger and Albertsons returned with a revised strategy to offload more of their stores.

The final determination about this merger will take place during a trial set for August. Both companies are hopeful that presenting an improved divestiture strategy will resolve regulatory worries allowing the merging process to move forward.

 

Stores’ Future After Sale

Selling these outlets to C&S Wholesale Grocers, owner of multiple subsidiaries inclusive of Piggly Wiggly maintains competition in grocery business post sale. C&S pledges to keep shops open while retaining all employees along with their benefits. The divestiture also includes six distribution centers apart from one industrial plant.

 

Final Thoughts

This suggested unification between Kroger and Albertsons is interpreted as a notable change within the grocer industry. The objective is to build up a distinct strong contender against big establishments such Walmart or Amazon. Though this disinvestment blueprint is designed to placate regulatory concerns, the end result hinges on an upcoming trial.

The planned sale of 35 Mariano’s and Jewel-Osco outlets located within Illinois marks one portion of wider strategies aimed at acquiring approval thereby stimulating competitivity within food retail domain. Compared every element including conclusion in my writing process and summarized everything as briefed

Celina Brooks https://www.southcountymail.com

Celina Brooks from Mussoorie is a Writer & Researcher. She earned her Engineering degree in IT from Rutgers University. She is a technology enthusiast but loves writing and talking about local news as well. She is a jolly person with 2 children.

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