COLORADO SPRINGS, Colo. (KRDO) – Almost a year and a half after the plan was first unveiled, the timeline for a proposed merger between Kroger and Albertsons has been extended.
While the companies work to figure out the final details, shoppers like Tim Anderson are worried about what could happen if Albertsons, the parent company of Safeway, and Kroger, the company behind King Soopers are allowed to merge.
“Last thing we need is higher prices for groceries,” said Anderson.
Some shoppers see prices going up, saying the move would create less competition in the grocery industry.
“It’s just too high for my pocket,” said Anderson.
However, others think quite the opposite.
“Hopefully it helps kind of bring the prices down because then they won’t be in competition with each other.,” said another shopper.
The companies had expected to finalize the merger early this year, but they are still awaiting approval by state and federal regulators.
Last week, Kroger announced that the merger could take until late in the summer.