After the merger closes, Kroger will invest $1 billion to lower Albertsons’ prices, consistent with Kroger’s track record of fighting inflation and providing value to customers.
So, they're going to invest $1 billion to lower prices (which the writer speculates will be through "increasing efficiencies and improving its supply chain").
Nah it's going to be a billion dollars and putting those prices that can change at the drop of a hat with AI is help The digital ones. They're expensive
Walmart has been doing it for decades to achieve its low prices. The problem isn't that it won't work, it's just still a shitty thing to squeeze every cent from your suppliers.
If they take them over and can't fix Albertsons ( supply chain inefficiency is what I've been told), then the whole organization is gonna go under within a few years.
That almost sounds like a good thing, but I know that it wouldn't be .
First they added self checkout to reduce headcount, then came the price fixing/gouging. Then their shrink increased because people got tired of being fucked by Kroger. Then they had that shady deal with the UFCW. Then they decided to treat everyone that shops there like a criminal.
Yes. If there's one thing that all corporations want, it's to MAKE LESS MONEY.
That's why they want to reduce competition. It's so people can give them less money.
Now, some people might suggest that this sort of selfless generosity might go against their fiduciary obligation to increade stockholder value. But those people would be wrong because of course they're only doing this to eliminate competition and gouge customers, you bunch of gullible idiots.