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
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