https://www.aier.org/article/kroger-invests-1b-in-antitrust-defense/
"Consumers would be better served if companies could spend more time on improving their services and less on fending off litigation." ~Noah C. Gould
I don’t know about y’all, but I will not ever be going shopping here.
Kroger promises to lower grocery prices by $1 billion after artificially inflating them by $3 billion.
Prices are probably skyrocketing as we type in preparation for this "massive" amount of savings.
This item is $9000, but if you let us track your purchases and give us all of your personal information, it's $3.
Why would anyone trust them right after the price gouging during the pandemic and long after logistics had adapted?
Fuckin lies.... No for profit business ever said hey let's spend a bunch of money to buy another business to make less money.
They aren't even saying that.
After the merger closes, Kroger will invest $1 billion to lower Albertsons’ prices, consistent with Kroger’s track record of fighting inflation and providing value to customers.
So, they're going to invest $1 billion to lower prices (which the writer speculates will be through "increasing efficiencies and improving its supply chain").
consistent with Kroger’s track record of fighting inflation
LOL, fucking what? They're literally one of the major causes of inflation.
which the writer speculates will be through "increasing efficiencies and improving its supply chain
Oh, so firing more people, adding more self-checkout lanes, charging more for bags, and extorting distribution centers so they also have to fire a bunch of people?
increasing efficiencies and improving its supply chain
That just sounds like sourcing lower quality food stuff to save their bottom line
Nah it's going to be a billion dollars and putting those prices that can change at the drop of a hat with AI is help The digital ones. They're expensive
"You should let us reduce competition in the grocery space, because with less competition prices will be lower."
That's a bold take.
Walmart has been doing it for decades to achieve its low prices. The problem isn't that it won't work, it's just still a shitty thing to squeeze every cent from your suppliers.
Wal*Mart does definitely squeeze their suppliers, and it does have relatively low prices, but it's hardly a charity. It squeezes suppliers, not so that it can supply customers with low prices but so that it can provide profits to investors.
You didn't lower prices when you put in self checkout. Don't piss on me and call it rain.
Self checkout did lower the prices if you play the game right.
For example, one time I had 2 donuts in a bag, but I rang them up as just 1 donut. Please dont tell the cops.
I wouldn't snitch even if I saw someone walking out with a wagon of money from the store safe. Fuck corporations.
imagine being so brainwashed by corpos that you forget that small businesses exist and can easily take the place of every walmart.
I always seem to lose count when scanning the same item repeatedly. I'm sure I got close to 12, and that's close enough.
This is where we're at now, corporations are issuing demands to the government, and the government is appeasing them.
Sounds like extortion to me. Revoke their licenses to do business until they replace their C-suite.
Force them to break up into all their constituent companies.
Competition and the free market, also free of M&A's, will help pricing for everyone, including suppliers and customers.
Be great if we could elect anti-merger reps.
Darth Kroger after the merger: "I have altered the plan, pray I do not alter it further"
First they added self checkout to reduce headcount, then came the price fixing/gouging. Then their shrink increased because people got tired of being fucked by Kroger. Then they had that shady deal with the UFCW. Then they decided to treat everyone that shops there like a criminal.
I'll never return.
