Would a Kroger and Albertsons merger drive grocery prices up or down? The answer is complicated
And in a presentation about the merger, the supermarket chain says over the years the company has reduced its gross profit margins to keep prices down. McMullen reiterated the claim in his testimony, noting that Albertsons’ prices are 10% to 12% higher than Kroger’s, so merging will help reduce the disparity.
In a courtroom, swearing on a stack of proverbial bibles, Kroger CEO Rodney McMullen said that the hike in grocery prices has been brought on by everything from the price of fuel to credit card ...
Kroger and Albertsons make a final pitch for their merger before a judge decides whether to block it
FILE – The exterior of Kroger’s fulfillment center is shown on July 27, 2022 in Dallas, Tex. (Rebecca Slezak/The Dallas Morning News via AP, File) FILE – Kroger CEO Rodney McMullen leaves ...
The merger between Kroger and Albertsons could ultimately lead to another chip against the armor of the administrative state if the Federal Trade Commission succeeds at contesting the plan.
Federal regulators are trying to block Kroger’s merger with Albertsons. In a Portland suburb, residents already know what deteriorating access to fresh food looks like. By Danielle Kaye ...
Sept 12 (Reuters) - Kroger (KR.N), opens new tab raised the lower end of its annual sales forecast after topping quarterly results on Thursday, as its efforts to offer freshly sourced groceries at ...
At the heart of the federal government’s fight to block Kroger Co. from buying Albertsons Cos. for $24.6 billion is an existential debate about how Americans buy their groceries today.
Kroger and Albertsons make a final pitch for their merger before a judge decides whether to block it
The federal government urged a U.S. District Court judge on Tuesday to temporarily prevent a proposed merger between Kroger and Albertsons, saying in closing arguments the combination would ...
SEATTLE − An attorney for Washington state opened the antitrust case against the proposed $25 billion Kroger merger with ...
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