Kroger Promises Product Price Cuts If Albertsons Merger Approved
KRKroger(KR) PYMNTS.com·2024-08-16 09:39

Kroger has reportedly doubled the value of price cuts it has committed to making if its merger with Albertsons goes through.The grocery store operator plans to lower prices by 1billion,afigurethatsupfromthe1 billion, a figure that’s up from the 500 million in cuts it previously committed to make, Bloomberg reported Thursday (Aug. 15), citing a Kroger spokeswoman.Kroger made the commitment to appease regulators at a time when the merger is facing a federal court challenge, two state lawsuits and a Federal Trade Commission (FTC) adminis ...