Court hearing exposes role of supermarket's price gouging in inflationary pricing - Katie Phang - MSNBC

[Rhiannon12866]

At a trial to determine whether supermarket chains Kroger and Albertsons can be allowed to merge, a Kroger executive admitted that prices on some food items had been raised more than was warranted by inflation. Faiz Shakir, founder and executive director of More Perfect Union discusses. - Aired on 08/29/2024.

[elleng]

1. Here, too:

https://www.democraticunderground.com/132236676

[Rhiannon12866]

2. Thanks! I did see that. We don't have either of those stores around here, but I'm guessing that they're national

[elleng]

3. You're welcome. Neither do I have those stores nearby.

'The Kroger Company is the largest supermarket operator in the U.S. by revenue[12] and the country's fifth-largest general retailer.[13] The company is one of the largest American-owned private employers in the United States.[14][15][16] Additionally, Kroger is ranked No. 17 on the Fortune 500 rankings of the largest U.S. corporations by total revenue.[17] It is frequently listed as being a good dividend stock for investors in 2024.' https://en.wikipedia.org/wiki/Kroger

'With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019,[3][8][6] the company is the second-largest supermarket chain in North America after Kroger.[9][10] Albertsons ranked 53rd in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[11] Prior to its January 2015 merger with Safeway Inc. for $9.2 billion,[12] it had 1,075 supermarkets located in 29 U.S. states under 12 different regional banners.' https://en.wikipedia.org/wiki/Albertsons

[Rhiannon12866]

4. Wow, thanks! We don't have any of those stores around here - Northeastern New York

I'd say that we were lucky, but what I've noticed is the use of plastic - for everything. Baked goods, vegetables, meat products, deli items, even paper products - everything comes in or is wrapped with plastic. And yet as of several years ago they no longer use plastic bags in stores.

[elleng]

5. Southern MD here, and somewhat lucky, plastics here too,

have plastic bags, tho paper available.

NJ daughter seems to have different shopping available, and nearby daughter more mobile than I (out of necessity; younger grand daughter entering kindergarten later today, and her brother in 5th grade!!!)

[Rhiannon12866]

6. Ah! I have family in both of those states, I should ask them where they shop

And school is starting already? When I was in school I went away to summer camp and we stayed until the end of August - no matter what state the girls came from, Canada, too. The first day of school in these parts is Thursday, September 5th.

[elleng]

7. MD public schools started this week (including daughter's new job @ private nursery school;)

NJ kid's public school starts Sept. 5 too. MY NY State schools (Nassau County, '54!!!) started after Labor Day (Aug 29 was my parent's wedding anniversary; brother and I were adopted by Dad's new wife some months later, and I entered 5th grade just after Labor Day.) Don't know when exactly I returned from summer camp (in Conn.)

[BigMin28]

8. Albertsons

Is the highest priced regular grocery store in our area of north Texas. A few years ago, they bought Randall's Foods which own Tom Thumb grocery. Their prices shot right up.