Kroger Posts Massive Profits Amid Price Gouging Outcry and Merger Push
Kroger Posts Massive Profits Amid Price Gouging Outcry and Merger Push
Kroger's price gouging to pass on "inflation" to consumers has paid off, earning $466 million in Q2 2024. Its proposed merger with Albertsons faces FTC challenge over fears of a monopoly and job losses. Should consumers pay the price for corporate greed? #CorporateGreed
Don't worry. They totally promised to lower prices if the government approves a merger to give them even more of a monopoly and thusly more direct control over pricing...
/s
Not really sarcastic tho, theyre legitimately making that argument right now while they're still price gouging.
It's just obvious bullshit.
Just like sprint/t mobile. They waited over a decade for the correct pieces of shit to control the ftc before even attempting the buyout, and promised that it would keep lower prices/competition.
Instead, competition has stagnated.
Support local, if you can! Fuck Kroger.
They bought all the locals.
Then closed them.
Regulators! Mount up.
...no, really. Do your jobs and regulate.
We need to get rid of politicians who are bought and paid for by corporations.
Clearly no government agency is going to do shit about the price gouging, so why would they stop?
Haven’t shopped there since this was announced. And it’s walking distance to my house.
Fuck. Kroger
Same here and it’s the only store that is within *biking distance that doesn’t require dodging lifted magat trucks and risking your life to get to. I’m done though.
Time for more surge pricing!!! This company is trash.
The ONLY reason they have Massive Profits is the GUBMENT won't LET them Drop their Prices! That's why they need to Merger!
At this point I do 90% of my grocery shopping at Aldi, it's the closest thing I've got to a decent local option. I'll even pay slightly more for some of the specific items both they and Dillons have if only so I can avoid giving more money to fucking Kroger.
That’s the first time I’ve ever heard someone describing Aldi as a place to pay slightly more for something.
Where I’m from, Aldi was the absolute cheapest place to buy cheap groceries and their stores were super nasty and dirty.
In this case it's a name brand product (dishwasher pods) which are only more expensive by a few cents per unit. All the Aldi store branded products are priced affordably.
I love Aldi! Those All Dressed chips are so good
So we can start stealing from Kroger now, right?
I wish, but I think they are predicting this. I live in a pretty chill and rural area. Shop lifting has never been an issue here and most people know the employees by name. Within the last couple months they have added a fuck ton of cameras and automatic brakes for all the carts. Went from barely ever having someone on the self checkout to having multiple people always watching with a top view camera on every checkout and two cameras on both sides. If you buy something too big to fit on the checkout area the machine calls an attendant over immediately even if you scanned it. It feels straight up dystopian in there and it makes it so stressful to go there. If it wasn't the only grocery store around me within a 40 mile radius I'd go somewhere else in a heartbeat.
The employees obviously hate it too and think it's just as fucking ridiculous as we all do. Last time I went, this high school girl looked like she was about to lose her shit as she went from checkout to checkout scanning her badge nonstop.
Theft, is just an excuse to rob the customers blind for a quick profit. They know the idea that in a lot of communities, their customers are captive and are forced to deal with their mafioso tactics. They also knew with this merger, they can make multiple errors and get by with only acknowledging one in the rush. They’re trying the BP strategy, “We’re Sorry...”
They'll put money into preventing theft but they wouldn't put that money into local food banks...
