Grocery Store Giant With Wisconsin Locations Admits To Price Gouging
We all know we've been paying more at the grocery store. We've been told that it's inflation and it's really been hurting our budgets. Well, according to multiple sources, one retail grocery store giant just admitted to jacking up prices on two items specifically.
During COVID-19, grocery stores profited big time, and this continued in the years that followed. The United State's largest supermarket operator, Kroger, is involved in an anti-trust trial with the Federal Trade Commission.
Read More: Wisconsin Home To The Worst Food Quality Grocery Store In USA
During the trial, Kroger's senior director for pricing, Andy Goff said its objective was to "pass through our inflation to consumers"
FTC Trial Challenges Kroger / Albertson's Acquisition
Kroger has faced a legal challenge from the FTC on their proposed acquisition of Albertsons. It would be a $24.6 billion dollar merger, and the FTC says it would create a monopoly in many communities across the United States.
Price Gouging On Milk & Eggs
In the hearing, an internal e-mail was referenced that was sent to other Kroger executives, and Goff observed that retail inflation on milk and eggs was significantly higher than cost inflation. This is according to an article appearing in Common Dreams.
Groff says that e-mail was cherry-picked, and there were many other situations where they did not inflate prices.
Kroger stores in Wisconsin
Kroger Company owns several brands in multiple cities across Wisconsin. Including Metro Markets in Stevens Point and Plover. They also operate Pick'N Save stores in Mosinee, Wisconsin Rapids, Schofield, Marshfield, and Wausau.