Kroger Exec Admits Price Gouging During Covid Inflation

[bagdropper]

I've been waiting for a few years now for you to prove me wrong just one time. It hasn't happened. Dude, if you cared to try one can Google where these guys admit, UNDER OATH, that they used inflation as a guise to raise prices. You don't have to take my word for it...LOOK IT UP. Every time you're narrative gets blown up, and it happens a lot, you just ignore and stick to willful ignorance.

Here...watch and learn. I'm not wrong. This guy is UNDER OATH. You can apologize later.

View embedded media

Saw a story this morning with this lady tearing up some republican dumbass...very impressive.

 

[jonesy5960]

This is really a dumb article along with this entire discussion. There is pretty much zero relationship between the price of eggs and milk at Kroger and the overall rate of inflation. Since when are pricing decisions made based on inflation rates? Sellers price products to maximize profits, irrespective of macroeconomic conditions. If a hike in prices isn't more than offset by a commensurate loss in sales, they will continue to hike prices until it does. Is that gouging or capitalism?

 

[Tom Paris]

Saw a story this morning with this lady tearing up some republican dumbass...very impressive.

She's a Hawkeye, too.

 

[RileyHawk]

She's a Hawkeye, too.

She was born in Iowa but went to school at Yale and Harvard.

 

[TC Nole OX]

 

[DogBoyRy]

Tariffs are price controls. Republicans don’t seem to care about those.

Please list the trump tariffs biden has removed.TIA.

 

[mnole03]

Please list the trump tariffs biden has removed.TIA.

He replaced steel and aluminum tariffs with quota tariffs for a number of countries. He also removed the EU tariffs until 2025.

 

[alaskanseminole]

That is not price gouging. Every retailer prices individual items based on market conditions and their overall profit structure. To pull out one or even several items to say they raised prices higher than inflation is absolute nonsense. One could do that every day at any retailer in any economic cycle, this is nothing more that grandstanding to try and make a political point.

When Nike charges $180.00 for a pair of shoes they paid $15.00 to make, is that price gouging? Why haven't they been put before Congress? When Krogers sell eggs below their cost on any given day, what do you call that? Trust me, I was a retail executive for many years and we had products we lost money on and products we used to recoup a profit. The government and this writer has no business trying to make a point when they have no idea what they are talking about.

Costco sells rotisserie chicken for a loss to get people in the door.

 

[Whiskeydeltadeltatango]

Costco sells rotisserie chicken for a loss to get people in the door.

And damn if I don't love them for it.

New bags, not so much.

 

[bdg8]

I like the sensational article title of jacking up prices. Can they provide figures to verify

What was their margin on eggs pre pandemic and post pandemic? Not retail, as egg prices have been volatile as F. What was their gross margin increase.

Because during pandemic labor costs went up due to worker shortages . So if your labor costs were 11 percent and they went to 12.5, sure they might have had to increase margin on items

But these article provide no numbers to verify. Just a quote that is kind of subjective. But then they get people who know nothing about industry making these assumptions

 

[Joes Place]

I shop at Kroger a lot and yeah, their prices have definitely gone up since Covid. For example, I used to be able to buy 5 of one of my most purchased items for $10. Now they are usually 3 for $14.

It's why the Albertson's acquisition needs to be quashed.

 

[Joes Place]

I can’t believe I beat a certain poster to this, so I’ll post his reply for him in good fun.

No such thing as price gouging/34 trillion

THANKS, Bush and Trump tax cuts!!!

 

[jonesy5960]

View embedded media

Charging what the market will bear.

It's called capitalism.

 

[abby97]

I've been waiting for a few years now for you to prove me wrong just one time. It hasn't happened. Dude, if you cared to try one can Google where these guys admit, UNDER OATH, that they used inflation as a guise to raise prices. You don't have to take my word for it...LOOK IT UP. Every time you're narrative gets blown up, and it happens a lot, you just ignore and stick to willful ignorance.

Here...watch and learn. I'm not wrong. This guy is UNDER OATH. You can apologize later.

View embedded media

You don't need me to prove you wrong, you do that all by yourself.

 

[Tom Paris]

You don't need me to prove you wrong, you do that all by yourself.

You never prove anything because you don't have facts behind you. Also, you don't have logic. Even when they admit what they do you dismiss it. You laugh off facts which makes you willfully ignorant. I'd feel sad for you if you and your kind weren't causing so much damage to the nation. Again, YOU prove me wrong.

 

[Finance85]

Costco sells rotisserie chicken for a loss to get people in the door.

Loss leaders are a marketing tool, but ultimately lead to economic gain.

 

[Rifler]

Where you have loss leaders you will also have higher than average markups on other items,... This isn't price gouging.

 

[abby97]

THANKS, Bush and Trump tax cuts!!!

View embedded media

So, and your point is?

 

[abby97]

Raising prices is not price gouging. Charging $10.00 for a gallon of gas after a hurricane is price gouging. When inflation goes up by 20% in three years, ya prices are going to be raised.

 

[RileyHawk]

It's why the Albertson's acquisition needs to be quashed.

That won't impact prices and competition with Walmart, Amazon, Costco still being much larger grocery players.