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Kroger Reiterates Its Commitment to Lower Prices and Initiates New $7.5B Share Buyback Program
The Kroger Co. today terminated its merger agreement with Albertsons after the U.S. District Court for the District of Oregon granted the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. After reviewing options, the company determined it is no longer in its best interests to pursue the merger.
"Kroger is moving forward from a position of strength. Our go-to-market strategy provides exceptional value and unique omnichannel experiences to our customers which powers...
UK's M&S to Raise Store Workers' Pay By 10.1%
British clothing and food retailer Marks & Spencer said on Tuesday it would give around 40,000 store workers a 10.1% pay increase from April 1, a move that reflects the rise in the government-mandated minimum wage.
M&S said customer assistants will see their pay rise from 10.90 pounds ($13.83) an hour to 12 pounds an hour - ahead of the government's national living wage, which will increase by 9.8% to 11.44 pounds an hour, taking effect from April.
The pay rise will be noted by the Bank of England...
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