2 mo. ago • 98%

Kroger executive admits company gouged prices above inflation

www.newsweek.com 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.

Business @lemmy.world Kroger executive admits company gouged prices above inflation

A Boring Dystopia @lemmy.world Kroger executive admits company gouged prices above inflation

United States | News & Politics @lemmy.ml Kroger executive admits company gouged prices above inflation

41 comments

So jail right? Right?! Who am I kidding....

110
- No, no jail. Instead we’re going to let them merge with Albertsons. So now twice as many grocery stores can price gouge.
  
  93
  
  I know it's easy to be cynical, but isn't all this coming out specifically because the FTC under the Biden Administration sued to stop this merger? Credit where credit is due for that.
  
  38
- We can talk about nationalizing kroger now, right? Right??!!
  
  14
  
  We haven’t even bailed them out twenty times yet, how dare you propose something logical.
  
  6
- Why? That's Capitalism and we live in a capitalist society
  
  9
Anyone with grade 5 math skills could have reached the same conclusion. 8% interest, 30% price increase. It's not hard. Oh, and let's not forget that grocery chains reported record profits that year.

62
I buy most of my groceries at a local employee owned chain. It's amazing how they were able to avoid so much of the massive increase in costs that larger chains were experiencing. It's like they had a completely different supply chain that wasn't anywhere near as inflated. Oh sure, certain brands seemed to be going way up in price, but other items from competing brands didn't. Meanwhile at Walmart, everything went way up in price, and at a much faster pace. Weird how that works.

I guess the giant monopolies must not have the resources and experience required to run an efficient business. How else can you explain the disparity?

61
- Ooooh, I'm pretty sure I know the employee owned chain you speak of because I shop there too. I started going when some of Safeway's prices mysteriously doubled for no apparent reason. I'm so happy I made the switch. Those greedy pigs at Safeway did me a favor.
  
  15
Not surprised in the slightest. Our offbrand kroger has been the most expensive retailer in the area, and has the lowest quality produce. Plus, they treat their employees like shit and disregarded known allergens to shove a nut allergic person into the bakery where they'd have to be in contact with their allergen repeatedly...

Fuckers.

46
It's too bad doing LITERALLY ANYTHING would be SOCIALISM!

46
Yeah no fucking shit

35
Kroger executives are basically inviting 5 finger discounts

26
- If you see someone shoplifting from a Kroger, you have a moral obligation to create a diversion.
  
  11
- Can we use those fingers to punch them instead?
  
  8
  
  Why not both?
  
  8
  
  Yes 👍
  
  4
- Which they seem to be keenly aware of, since the self-checkout you're forced to use because there's only ever one staffed register constantly accuses you of theft if you so much as move your bagged groceries. God how I wish I had more grocery options in my area.
  
  3
- They also do literally nothing to stop it. Ask me how I know.
  
  Not saying everyone could just throw on an n95 and stop paying for their groceries, but you really could.
  
  2
  
  Do you think that they do nothing to stop it in order to prevent perpetrator injuries and/or collateral bystander injuries and the associated lawsuits that could result?
  
  1
Mega corporations are a problem we need to solve as a society.

25
- Capitalism is the problem
  
  6
- Steal from them
  
  2
  
  Great. Then they'll raise prices more. Good thinking!
  
  -5
Aldi is a lifesaver in these trying times

19
- I like the idea of Aldi, but when I walk into my local one I'm hit with a huge wave of sadness and depression. I cannot shop there, I wish I could, as I said I like the idea.
  
  8
  
  I have a similar issue with Safeway. Just something about the color/lighting/employees clear sense of doom really gets me.
  
  4
- I love Aldi and they're always the first place I shop, but their selection is a bit limited and the produce is hit-or-miss, at least in my area. Unfortunately around me that only leaves Kroger as the next best option.
  
  1
Greedy fucks like this deserve treatment with a device that rhymes with creatine.

13
- Ovaltine? I wouldn’t wish that stuff on my worst enemy!
  
  11
  
  7
Hey look.

It's my shocked face.

Can you tell I'm shocked?

I'm going for "shocked".

😐

12
11
Learn to garden, forage, hunt and fish. They are fun hobbies and those folks have their cupboard and freezers full of clean premium quality foods. Source - my freezer and cupboards are full

-10
- Hard to garden, forage, hunt and fish if you live on the 10th floor of a 16-story building in the middle of a city.
  
  11
  
  Nah, you just turn your living room into a raised bed garden. Forage through dumpsters, hunt stray City cats and fish aquariums that people keep near windows. Easy
  
  2
  
  Well... don't?
  
  -2

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