Consumer
Kroger Plans $1 Billion in Price Cuts After Albertsons Merger
- Total doubles previous commitment to slash $500 million
- Merger valued at nearly $25 billion faces regulatory hurdles
Grocery prices have been top of mind for many consumers and politicians following a period of the highest inflation in decades.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
In a bid to appease regulators, Kroger Co. said it plans to lower grocery prices by $1 billion if its nearly $25 billion merger with Albertsons Cos. comes to fruition.
That’s double the $500 million in cuts the grocery operator, which houses chains including Ralphs and Dillons, had previously committed to implement at Albertsons locations.