Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US government’s bid to block the grocery chain’s purchase of rival Albertsons Cos.
In a March email to his bosses, Andy Groff, Kroger’s senior director for pricing, acknowledged that the company had raised its prices more than required to adjust for higher costs.
“On milk and eggs, retail inflation has been significantly higher than cost inflation,” Groff wrote.
Hopefully the bid is blocked.
In Canada we havent had any grocers mergers refused in the last twenty, thirty years of neocon rule. (both major parties seem fine with companies growing unchecked)
Now nationwide we only three big grocers, monopolies running unchecked is an affordability nightmare.