Potential Montana Grocery Store Owner Now Admits To Price Gouging
Senior Director For Pricing Reveals Their Company Price Gouged Certain Items
One of the biggest issues facing everyday Americans today is the rising cost of living, especially groceries.
That's why it's so infuriating to hear someone who is in charge of the price of the goods we buy admit in so many words that they are taking advantage of their customers.
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When it comes to staple items, milk and eggs are right there with bread and butter.
We had been told that the high prices of these items were that way because of record inflation, supply chain issues, and the bird flu.
According to Common Dreams, these prices were raised above the rate of inflation. This confession "came as no surprise to economists who have been highlighting corporate price gouging across the U.S. economy in recent years."
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The person who made the admission was Andy Groff, Kroger's senior director for pricing.
This was revealed during an antitrust trial due to Kroger looking to buy their competitor Albertsons, which currently operates 28 grocery stores in Montana.
Kroger meanwhile told Bloomberg that this admission was "cherry-picked" and "does not reflect Kroger's decadeslong business model to lower prices for customers by reducing its margins."
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