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.
I would have to consider” the reductions as Albertsons struggles, the CEO said, according to The Wall Street Journal.
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The CEOs of Albertsons and Kroger took the stand to testify in the federal court case challenging Kroger’s proposed acquisition of Boise’s Albertsons. The CEO of Albertsons said layoffs and ...
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SEATTLE − An attorney for Washington state opened the antitrust case against the proposed $25 billion Kroger merger with ...
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