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 $1 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 ...