KROGER AND WALGREENS TO BUY PRODUCTS TOGETHER TO CUT COSTS

Kroger and Walgreens Boots Alliance are teaming up to cut costs by sourcing more merchandise together. With what they call the Retail Procurement Alliance, the chain retailers will look for overlaps in the products they are receiving so that they can combine their orders. Doing so would increase scale and lower costs. The two will also see if Kroger can start manufacturing items in-house for Walgreens, and vice versa, Kroger CFO Gary Millerchip told CNBC.
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