business news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

•  From the Cincinnati Enquirer:

"Sports betting just got easier for Kroger customers in the Queen City.

"The Cincinnati-headquartered grocery chain rolled out new sports wagering kiosks at select stores in the Cincinnati and Dayton markets last month … To place a bet at a sports wagering kiosk, scan your ID, insert cash and select which sporting event you'd like to place a wager on. Kroger staff will cash out winning bets, similar to winning lottery tickets. Users must be at least 21 years old to play."

What are the odds that the FTC approves the proposed Kroger acquisition of Albertsons?  I think I'd take the FTC, with the points.


•  From the Seattle Times:

"Workers at Seattle-based PCC Community Markets ratified a two-year deal Tuesday that brings sizable raises for some, leaves others at just above minimum wage and buys time for the struggling retailer’s turnaround. 

"The contract caps nearly a year of tension between the natural foods co-op, which has 15 locations in and around Seattle, and its 1,600 workers represented by United Food & Commercial Workers Local 3000. On Jan. 26, UFCW members authorized a strike after rejecting PCC’s latest offer, but reached a tentative agreement just a few days later … From the start of the bargaining process last spring, the contract was widely seen as make-or-break for PCC, which has struggled in the face of inflation, changing consumer habits due to the pandemic and expenses associated with its rapid expansion. The co-op barely broke even in 2021 and ended 2022 with a loss."