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jordanlund@lemmy.worldM to Business@lemmy.worldEnglish · 10 months ago

Kroger executive admits company gouged prices above inflation

www.newsweek.com

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Kroger executive admits company gouged prices above inflation

www.newsweek.com

jordanlund@lemmy.worldM to Business@lemmy.worldEnglish · 10 months ago
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Kroger's senior director for pricing Andy Groff said the grocery giant had raised prices for eggs and milk beyond inflation levels.

cross-posted from: https://lemmy.world/post/19193010

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  • TachyonTele@lemm.ee
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    10 months ago

    “This pricing strategy was likely implemented to maximize profits,” Thompson said.

    I see they brought Sherlock Holmes in on the case.

  • reddig33@lemmy.world
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    10 months ago

    Well then by all means let them merge with Albertsons. What could possibly go wrong?

  • Coreidan@lemmy.world
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    10 months ago

    We know

  • Grass@sh.itjust.worksBanned
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    9 days ago

    Removed by mod

  • AshMan85@lemmy.world
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    10 months ago

    Regulate monopolies!

    • Preacher@lemmy.world
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      10 months ago

      Break monopolies!

      • DragonTypeWyvern@midwest.social
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        10 months ago

        Eat the monopoly… ers.

  • givesomefucks@lemmy.world
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    10 months ago

    This is America…

    Price points are set as high as people will pay, not what shit is worth or costs to produce.

    What did people think we’d end up with massive deregulation?

    This is literally what fucking capitalism is: price gouging whenever possible for as much money as possible.

    Don’t like it?

    Good. Fucking vote more. Vote for progressives that will actually try to undo the damage republicans have done, it ain’t enough to vote for neoliberals who want to leave shit exactly as fucked up as it currently is, that’s just waiting between times republicans get to fuck shit up. Because half ass neoliberals aren’t enough to consistently keep republicans out of office.

    • jordanlund@lemmy.worldOPM
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      10 months ago

      The shocking part is he admitted it. ;)

      Meanwhile:

      https://progressivegrocer.com/kroger-court-grocery-merger-allows-better-competition-global-behemoths

      “Both Kroger and Albertsons say the proposed merger allows them to team up to better compete with global behemoths like Walmart. Plus, the merger will reportedly produce significant efficiencies.”

      • givesomefucks@lemmy.world
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        10 months ago

        better compete with global behemoths like Walmart.

        Lmao

        Giant corporations are bad! We should be able to merge into a giant corporation!

        Can’t wait to move to Night City…

  • thejoker954@lemmy.world
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    10 months ago

    Shocked pickachu face

  • DragonTypeWyvern@midwest.social
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    10 months ago

    Shout out to /u/Knock_Knock_Lemmy_In’s gullible ass.

  • Rapidcreek@lemmy.world
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    10 months ago

    I don’t eat many eggs, I find one is un oeuf.

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