TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
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Councilmember Salahuddin
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DEPARTMENT STAFF:
Executive
Malisa Files
Chief Operating Officer
TITLE:
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Adoption of a Resolution Opposing the Kroger-Albertsons Merger
a. Resolution No. 1586: A Resolution of the City Council of the City of Redmond, Washington, Opposing the Kroger - Albertsons Merger
OVERVIEW STATEMENT:
recommendation
Attachment A contains a resolution opposing the Kroger-Albertsons merger. In October 2022, Kroger and Albertsons, two major national corporations, announced their intent to merge. The Pacific Northwest is one of several regions where there is a larger concentration of Kroger and Safeway (operated by Albertsons) stores, creating a greater local impact on communities.
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? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
Economic Development Strategic Plan, Comprehensive Plan
* Required:
Council approval is required for the adoption of a resolution.
* Council Request:
The policy item came before Council at the Study Session on August 13, 2024, and was referred to the September 3rd business meeting.
* Other Key Facts:
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OUTCOMES:
Earlier this month, Kroger and Albertson's released a list of grocery store locations that they intend to sell as part of the proposed merger. Washington has more grocery stores to be sold than any other state - 124 in total. The total includes three in Redmond (the two QFCs and a Safeway), as shown below:
* QFC - 15800 Redmond Way, Redmond
* QFC - 8867 161st Ave NE, Redmond
* Safeway - 15000 NE 24th, Redmond
The Federal Trade Commission (FTC) issued an administrative complaint and authorized a lawsuit in federal court to block the proposed acquisition pending the Commission's administrative proceedings. The FTC charges that the proposed deal will elimi...
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