trending Market Intelligence /marketintelligence/en/news-insights/trending/egjks5y7nyu2qqoqzw_ynq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Kroger, Target shares gaining ground after press report on merger talks

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Kroger, Target shares gaining ground after press report on merger talks

Shares in retailers Kroger Co. and Target Corp. are gaining ground following a March 23 report from Fast Company that the two companies are in merger talks. A source familiar with the situation told S&P Global Market Intelligence that there was "no truth" to the report.

Shares in Kroger were up about 1.6% at $23.76 in midmorning trade after climbing as high as $24.04 earlier in the session. Shares in Target were up 0.27% at $69.07 after rising as high as $70.10.

Both Target and Kroger declined to comment on the report for S&P Global Market Intelligence.

Fast Company reported that such a move would marry Target's e-commerce abilities with Kroger's national supermarket footprint.

The two retailers have been discussing a merger since mid-2017, according to the publication, citing multiple unnamed sources familiar with the talks. While the companies are interested in closer cooperation, they remain undecided about whether a merger would be the best option, the sources told Fast Company.

CNBC reported separately that the two retailers have held meetings about a potential partnership involving same-day delivery company Shipt, which Target bought in December 2017.

The report comes just over nine months after Amazon.com Inc. announced its plans to buy natural- and organic-focused grocer Whole Foods Market Inc. Since then, other players in the grocery space and related ones have looked at ways to bolster their businesses, anticipating heightened competition from the Seattle-based e-commerce giant.

Kroger, which ranks among the U.S. grocery players with the largest share of annual sales, operates about 2,800 supermarkets and convenience stores across the U.S. under about three dozen banners. Target, meanwhile, operates about 1,800 stores across the U.S., with 80% of its annual revenue coming from sales of nongrocery items, according to an SEC filing.