Commissar SFLUFAN Posted August 28 Share Posted August 28 Kroger Egg Pricing Turns Merger Trial Into Inflation Fight FINANCE.YAHOO.COM (Bloomberg) -- 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.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunIn a March email to his bosses, Andy... Quote 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. Groff testified about his email as part of an antitrust lawsuit by the Federal Trade Commission and a group of states aimed at blocking Kroger from buying the Albertsons chain. US District Judge Adrienne Nelson in Portland, Oregon, is expected to rule on whether to stop the $24.6 billion acquisition from moving forward. 1 Quote Link to comment Share on other sites More sharing options...
Firewithin Posted August 28 Share Posted August 28 1 Quote Link to comment Share on other sites More sharing options...
Reputator Posted August 28 Share Posted August 28 Quote Link to comment Share on other sites More sharing options...
AbsolutSurgen Posted August 28 Share Posted August 28 My experience with Kroger's would suggest that eggs and dairy were always a loss leader. Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted August 28 Share Posted August 28 They will just say they that they needed to charge these prices to stay afloat as a regional chain competing against the likes of Wal-Mart, Amazon, etc. Quote Link to comment Share on other sites More sharing options...
TheLeon Posted August 28 Share Posted August 28 Well, as a proud Kroger employee, I can say that those extra profits went directly into my bank account some exec’s bonus. 2 2 1 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 28 Share Posted August 28 1 minute ago, Mr.Vic20 said: They will just say they that they needed to charge these prices to stay afloat as a regional chain competing against the likes of Wal-Mart, Amazon, etc. widdle ole kwoger just working hard to stay afloat from big corporations 👉🥺👈 1 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted August 28 Share Posted August 28 Just now, TheLeon said: Well, as a proud Kroger employee, I can say that those extra profits went directly into my bank account some exec’s bonus. The money went into making their generic brand food taste better! Quote Link to comment Share on other sites More sharing options...
cusideabelincoln Posted August 28 Share Posted August 28 Everything at Kroger is inflated unless it's part of the weekly sale. 1 Quote Link to comment Share on other sites More sharing options...
ort Posted August 28 Share Posted August 28 My understanding is that the president of the United States has a bunch of knobs on his desk that he uses to control the prices of all consumer goods in the country. Are you telling me that's not the case? I'm confused. 2 Quote Link to comment Share on other sites More sharing options...
Ominous Posted August 28 Share Posted August 28 1 hour ago, AbsolutSurgen said: My experience with Kroger's would suggest that eggs and dairy were always a loss leader. Kroger... Kroger. People in Michigan add an s to words and it annoys the shit out of me. Yall don't work for Fords either! 1 Quote Link to comment Share on other sites More sharing options...
AbsolutSurgen Posted August 28 Share Posted August 28 1 minute ago, Ominous said: Kroger... Kroger. People in Michigan add an s to words and it annoys the shit out of me. Yall don't work for Fords either! I don't anymore. They laid me off in '19. 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted August 28 Share Posted August 28 19 minutes ago, Ominous said: Kroger... Kroger. People in Michigan add an s to words and it annoys the shit out of me. Yall don't work for Fords either! This is true. There is a Japanese hibachi steakhouse near me called Sagano, but the dumbfucks around here call it ‘Saganos’ like it’s a fucking Italian restaurant! Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 28 Share Posted August 28 27 minutes ago, Ominous said: Kroger... Kroger. People in Michigan add an s to words and it annoys the shit out of me. Yall don't work for Fords either! I say “krogers” strictly as a troll and it is like nails on a chalkboard to some 1 Quote Link to comment Share on other sites More sharing options...
Littleronin Posted August 28 Share Posted August 28 Just another article with facts that don't matter, as half the nation will continue with the narrative that it was all Biden's fault. Quote Link to comment Share on other sites More sharing options...
Ominous Posted August 28 Share Posted August 28 8 minutes ago, b_m_b_m_b_m said: I say “krogers” strictly as a troll and it is like nails on a chalkboard to some The Michigan S is a -10 INT stat. 1 Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted August 28 Share Posted August 28 1 hour ago, TheLeon said: Well, as a proud Kroger employee, I can say that those extra profits went directly into my bank account some exec’s bonus. according to the overhead announcements you all are the real heroes. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted August 28 Share Posted August 28 Quote Nazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban Eyecatcher 1 Quote Link to comment Share on other sites More sharing options...
TheLeon Posted August 28 Share Posted August 28 1 hour ago, cusideabelincoln said: Everything at Kroger is inflated unless it's part of the weekly sale. Yeah, they really want you to download their app and comb through the digital coupons every week. But after doing that and using my discount, I still save money by splitting my grocery shopping between Aldi and Trader Joe’s. 5 minutes ago, Spawn_of_Apathy said: according to the overhead announcements you all are the real heroes. And they really showed us how much they cared by giving us an extra $2 an hour “hero pay” during the pandemic*. *For like 6 weeks in the summer of 2020. Quote Link to comment Share on other sites More sharing options...
Jason Posted August 28 Share Posted August 28 52 minutes ago, Ominous said: Kroger... Kroger. People in Michigan add an s to words and it annoys the shit out of me. Yall don't work for Fords either! 32 minutes ago, Uaarkson said: This is true. There is a Japanese hibachi steakhouse near me called Sagano, but the dumbfucks around here call it ‘Saganos’ like it’s a fucking Italian restaurant! Great topic for the forum Day One Patches. 1 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 28 Share Posted August 28 16 minutes ago, Ominous said: The Michigan S is a -10 INT stat. I didn’t pick it up until I moved to Virginia! Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted August 28 Share Posted August 28 1 hour ago, TheLeon said: And they really showed us how much they cared by giving us an extra $2 an hour “hero pay” during the pandemic*. *For like 6 weeks in the summer of 2020. I am truly moved. Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted August 29 Share Posted August 29 3 hours ago, Keyser_Soze said: Nazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban Eyecatcher There is a 100% chance that exact headline has been written in Germany. Quote Link to comment Share on other sites More sharing options...
Brian Posted August 29 Share Posted August 29 Lololololol. Anytime my boss sends me something that is a bit sus, I immediately move the conversation from email to a phone call. Quote Link to comment Share on other sites More sharing options...
S3xB0t Posted August 29 Share Posted August 29 6 hours ago, Uaarkson said: This is true. There is a Japanese hibachi steakhouse near me called Sagano, but the dumbfucks around here call it ‘Saganos’ like it’s a fucking Italian restaurant! We’re not dumb, we’re colloquial. Provincial, even. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 29 Share Posted August 29 “Capitalism is a wonderful system for generating wealth… But, it has destructive collateral damage that everybody knows, and yet we act like doing anything about it, in any way, is somehow ‘communism’… Fuck this place.” -Jon Stewart 1 Quote Link to comment Share on other sites More sharing options...
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