Reported about 1 month ago
During a trial in Portland, Oregon, Kroger's CEO Rodney McMullen attributed the rising grocery prices to escalating costs from suppliers, fuel, and credit card processing fees, while defending a proposed $25 billion merger with Albertsons. He argued that the merger would enhance competitiveness against Walmart and assured that Kroger would not increase prices post-merger, despite ongoing concerns about soaring food prices which have risen significantly in recent years.
Source: YAHOO