Kroger executive admits company gouged prices above inflation
Kroger executive admits company gouged prices above inflation
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
"This pricing strategy was likely implemented to maximize profits," Thompson said.
I see they brought Sherlock Holmes in on the case.
Well then by all means let them merge with Albertsons. What could possibly go wrong?
We know
literally everyone could tell by looking. you don't need an exec to 'admit' something that is obvious at a glance.
Regulate monopolies!
Break monopolies!
Eat the monopoly... ers.
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.
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."
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...
Shocked pickachu face
Shout out to /u/Knock_Knock_Lemmy_In's gullible ass.
I don't eat many eggs, I find one is un oeuf.