The "Walmart recession signal" has turned on the red light; is the recession really coming?
Analysis suggests that the current "Walmart recession signal" cannot accurately indicate a recession. First, there is controversy over the selection of the Index used. Second, the trend in the Luxury Goods Industry has shifted, putting overall pressure on the Industry. Third, Walmart's own Business model is continuously evolving, starting to shift toward expanding high-margin Business.
After the merger case of Albertsons Companies (ACI.US) fell through, The Kroger (KR.US) plans to buy back 7.5 billion dollars in stocks.
The Kroger (KR.US) announced on Wednesday that after terminating the merger with Albertsons Companies (ACI.US), it will repurchase $7.5 billion in Stocks.
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KeyBanc Adjusts Price Target on Walmart to $100 From $96, Keeps Overweight Rating
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The Kroger (KR.US) acquisition of Albertsons Companies (ACI.US) was rejected by a judge, potentially derailing the largest supermarket merger in the USA.
A US federal judge has blocked The Kroger (KR.US) from acquiring Albertsons Companies (ACI.US) for $24.6 billion.
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Express News | Kroger-Albertsons Merger Blocked by U.S. Judge - Court Records