🔮 Kroger is trying to buy Albertsons, a recession is looming, food inflation is with us and H-E-B’s expansion is just getting started. All of that makes a recipe for an interesting 2023 in the grocery business. 2023biz 2023forecast 2023DMNforecast.
Food retailers in Dallas-Fort Worth may be hesitant to make any huge moves next year untilto buy Albertsons plays out. In this market, it’s not just two brands joining under one corporate umbrella, it’s four: Kroger and Albertsons, which also owns Tom Thumb and Market Street.
It’s also pretty certain that government approval would require the combined company to sell several local stores. It’s also likely that H-E-B, which also owns Dallas-based Central Market, will begin disclosing plans to bring its ethnic brand, Mi Tienda, and its lower-cost grocer, Joe V’s Smart Shop, to the local market.
While the chains battle for market share, consumers facing food inflation will be focused on finding values in prepared foods and private-label products, Gibbs said.
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