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News fades fast about possible Kroger, Target merger

If you are looking for a merger between Kroger and Target – don’t.

That, according to news outlets, after word got out nationally that the two retailers would merge.

Excitement over a potential merger between Kroger (NYSE:KR) and Target (NYSE:TGT) headed south following news that the two companies are in discussions about a Shipt partnership.

Target acquired online grocery player Shipt in December for $550M.

Kroger stock, which jumped 12 percent plus on the merger news in pre-market trading, is up 1.37 percent, and Target is down .02 percent.

Kroger has three supermarkets in Jackson – Lynnwood Place Shopping Center, West Towne Commons and 35 West University Parkway.

Target is located in West Towne Commons.

(PHOTO: Kroger, 41 Stonebrook Place, in West Towne Commons)
David Thomas, Twitter – @DavidThomasWNWS
https://www.facebook.com/NewsTalk1015/

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