$6.7 billion payday for Staples, Kroger, and Sears
The Post has learned that Staples, Kmart, and Sobeys have each received nearly $6 billion in cash and stock grants from the government since January 2017, while Kroger and Sears have received more than $1 billion in similar payments.
In all, $2.1 billion was paid to these four retailers between January 2017 and February 2018.
The money has been a boon for the government and their bottom line.
The payments are the biggest ever for any of the retail giants, and they were made while the U.S. government was waging a war on the retailers.
The deals allow the government to use the cash to fight the opioid crisis, bolster national security, and combat cyber threats, according to a statement from the Office of Management and Budget (OMB).
The money is meant to help the companies bolster their bottom lines while the government pursues other priorities, including fighting the opioid epidemic.
The government has also been handing out cash to many of the largest retailers since the start of the year, including Amazon, Macy’s, and Best Buy.
In addition to the massive cash payments, the government has issued grants to a host of companies, including Home Depot, Lowe’s, Staples, and Walmart.
The grants include loans to cover the cost of buying back their stock and repurchasing their stocks.
The loans are often offered at discounts and free cash flow, and the companies often earn interest on the money, according the OMB.
Walmart received $1.1 million in the first quarter alone, while Home Depot received $5 million, according a report from Reuters.
The cash grants are meant to give the companies the flexibility to refinance debt, reduce stock purchases, and expand sales, according an OMB official.
But in the case of Staples, the money is not guaranteed.
The retailer, which has been struggling with high unemployment and a falling stock price, has struggled to recoup the money.
Last month, Staples announced that it was going to be taking $1 million worth of stock from the public.
The move has come at a time when the company’s stock price has fallen by nearly 20 percent.
The stock price is down over 75 percent since the beginning of the month, and investors have been skeptical of Staples’s ability to repay the loan.
The company is also in the midst of restructuring, with plans to sell off assets and sell its online business.
Staples announced last month that it will cut 1,000 jobs in 2018.