Kroger's CEO says shoppers would see lower prices after the chain's merger with Albertsons

Published: Sep 04, 2024 Duration: 00:01:18 Category: News & Politics

Trending searches: kroger albertsons merger
Well, the CEO of Kroger is promising to cut food prices by a billion dollars. If the Federal Trade Commission approves a merger with one of its competitors. The FTC is trying to block a $24 billion merger between Kroger and Albertson's claiming it would eliminate competition and lead to higher food prices. The CEO Kroger says a merger will give the combined companies a better chance of competing with Walmart and Costco. He blames increasing food prices on rising supplier costs, fuel prices and credit card fees. He says if the merger is allowed, the stores will cut grocery prices on day one by a billion dollars. Another Kroger executive admitted to raising prices above what inflation would require so the company could profit. The merger hearing is expected to last through next week. Now Kroger doesn't have a physical location in Austin. The closest store to our area is in College Station. The company did briefly offer delivery services in central Texas but stopped in May of this year after shutting down an Austin delivery center. The company says the center did not meet the standards set for success. 52 people in central Texas were laid off by that shutdown.

Share your thoughts

Related Transcripts

Federal court hearing underway to see if Kroger-Albertson merger should be delayed thumbnail
Federal court hearing underway to see if Kroger-Albertson merger should be delayed

Category: News & Politics

With his team. >> now at 5.30, a federal court hearing is underway in portland trying to determine if the kroger albertsons deal should be delayed for violating anti-trust rules as we told you here first yesterday, kroger says a delay would kill that merger. so what would that mean for cincinnati?... Read more

Protesters speak outside Kroger and Albertsons merger in federal court thumbnail
Protesters speak outside Kroger and Albertsons merger in federal court

Category: News & Politics

Two of the largest grocery store chains, kroger and albertson's are looking to merge. they were in court monday defending the plan against the federal trade commission or ftc that's looking to block it. the ftc filed a lawsuit against the merger in oregon back in february this day has been a long time... Read more

The Secret Behind the Kroger-Albertsons Merger🕵️‍♂️ thumbnail
The Secret Behind the Kroger-Albertsons Merger🕵️‍♂️

Category: Sports

The chief executive officer of kroger insisted wednesday that merging with rival albertson's would allow the two supermarket companies to lower prices and more effectively compete with retail giants like walmart and amazon kroger ceo rodney mccullen argued in favor of what would be the largest grocery... Read more

Bloomberg: Kroger CEO 'charming' and 'impressive' in federal antitrust hearing thumbnail
Bloomberg: Kroger CEO 'charming' and 'impressive' in federal antitrust hearing

Category: News & Politics

Generate roughly two-thirds of the electricity for the entire zoo. campus kroger ceo rodney mcmullen testified the high stakes court hearing in portland. he was trying to convince a federal judge not to block the biggest acquisition in kroger's history. wcpo 9.19, reporter dan monk spoke with... Read more

Kroger, Albertsons, and You thumbnail
Kroger, Albertsons, and You

Category: News & Politics

There's two different ways to look at it one is the national picture which you know if if you look at the things they would only control x% which doesn't look too bad but if you look at individual metropolitan areas some of them they would just have an overwhelming dominance there so that that i mean... Read more

Election Live Updates, Meta censored COVID-19, Kroger-Albertsons merger, Temu stock and SpaceX thumbnail
Election Live Updates, Meta censored COVID-19, Kroger-Albertsons merger, Temu stock and SpaceX

Category: People & Blogs

Good evening i'm katrina brown and you're watching newswire tv we begin tonight with breaking news from the 2020 for election trail in a surprising move former president donald trump is reportedly planning to include two notable figures robert f kennedy jrb and tulsey gabard on his transition team if... Read more

Kroger in Court: Mergers & Crap Shoots thumbnail
Kroger in Court: Mergers & Crap Shoots

Category: News & Politics

This kroger albertson's merger you know is being fought by the ftc i think very justifiably four attorneys general in four states have all weighed in with an amicus brief a friend of the court brief meaning they're not parties they just want to weigh in and say that this merger will give kroger quote... Read more

Breaking down Portland's Fred Meyer strike and opposition to the Kroger-Albertsons merger thumbnail
Breaking down Portland's Fred Meyer strike and opposition to the Kroger-Albertsons merger

Category: News & Politics

Now, let's pivot and talk about grocery stores. the fred meyer strike along with the federal lawsuit trying to block a huge merger involving fred meyer's owner kroger and albertson's which also own safeway stores. those two things are putting a blinding spotlight on the industry. now, you may have seen... Read more

Kroger, Albertsons defend merger in federal court against regulators' objections thumbnail
Kroger, Albertsons defend merger in federal court against regulators' objections

Category: News & Politics

Story we've been llowing for months. albertsons, the parent company of safeway says it might have to lay off workers close stores and even leave. some states of a planned merger doesn't go through. >> kroger, the parent company of king soopers is attempting to buy albertsons for 25 billion... Read more

Feds try to block Kroger and Albertson’s supermarket merger thumbnail
Feds try to block Kroger and Albertson’s supermarket merger

Category: Entertainment

>> sade: now the trial that could decide whether a supermarket megamerger will happen. kroger and albertson's are hoping to join forces but there's plenty of opposition to the $25 billion merger. eva pilgrim is here with what's at stake for the two companies as well as for shoppers and workers. good... Read more

Kroger and Albertsons defend merger plan in federal court in Oregon thumbnail
Kroger and Albertsons defend merger plan in federal court in Oregon

Category: News & Politics

This is k2 news at 5 on your side i think it's going to hurt workers i think it's going to hurt food prices and i think it's going to make uh u medicine less available and higher priced tonight oregon senator ron widen promising to do anything he can to stop a$ 24 billion merger between kroger and albertson's... Read more

The Story of a Proposed ‪@KrogerCo‬-‪@albertsons‬ Merger thumbnail
The Story of a Proposed ‪@KrogerCo‬-‪@albertsons‬ Merger

Category: News & Politics

[music] jump all around jump all around around stop cop get up [music] he now on [music] hey guys uh this is jdt fridays fan 97 here and today on this uh on this uh on with in this video i'm going to talk about the uh the history of of the proposed acquisition of kroger and albertson's that that happen... Read more