Kroger executive admits company gouged prices above inflation

Anakin and Padmé meme: So we're going to fine them that amount, or force them to refund it to their customers, right?

Right?

Yeah, he was literally bragging about it on the quarterly earnings calls as it was happening. They’ve only paused the price gouging now that it’s a hot topic, don’t think for a minute prices will go back down or that this won’t resume in a year or so when there’s some other distraction available.

We need regulations to stop this predatory behavior, and we desperately need to break up monopolies like Kroger, if this problem is to be mitigated.

We price gouged the plebs. We know the government isn't going to do anything and if they try our good ol' friends at SCOTUS will make sure nothing happens to us. Long live the line always going up!

-Andy Goff

"There is not just one bad apple in this bunch," Powers said, adding that most companies who engage in price gouging receive limited consequences.

Because customers generally still have choices to shop at other grocers like Walmart, Thompson said Kroger is unlikely to experience any severe consequences from the FTC.

Despite the fact that this is likely a larger problem in the grocery sector, Ryan said consumers could react swiftly with their wallets.

Yeah, and go to the next grocery store with the same prices and behind-the-scenes policies, and buy the same overprices eggs... But hey, at least they didn't admit to the lie.

Hmmmm. Maybe, since all stores are doing this, we should just institute price fixing on certain goods? Oh but I forgot, that'd be bad for the corporation and their profits, and that's obviously more important than citizens being able to afford groceries at a reasonable price.

I wish I could pirate food.

so there's already not enough competition in the grocery store market. Why is kroger being allowed to merge at this point?

And yet they may still be allowed to merge with assimilate Albertson's, leaving so many neighborhoods with less (or even zero) choices for where to buy groceries get price gouged

but don't worry!, there will not be any negative consequences for him or his company!

For all of these companies trying to merge the default answer should be no. Merging companies isn't good for capitalism at all in any way so if any company wants to merge they should have to get special permissions. This shit is out of control.

Fuck Kroger

I stopped getting my groceries at Kroger unless I need just a few items quickly (I have 2 less than 2 miles from my house). Most stuff is more expensive at Kroger than Meijer or even Walmart and if doing the whole list it ads a lot to my expenses

Is price gouging illegal?

Literally starving people for money. If there is a hell, they will go there 100% what shitty humans..... Must be psychotic narcissist. How else would you sleep at night?

I've always had a rule that all my decisions should be the ones that make my mother the most proud. Sometimes it's a choice between two things she'd probably dislike (like getting a tattoo or a piercing), but I always do the thing that has the better chance of making her proud.

Recently I've started stealing from large evil corps. Not even gonna sugar coat it. I go to self checkout and just don't scan things here or there. Whoops I left that thing in my cart. Whoops I left half of the bag of lemons off the scale and they rang up for 10c. Whoops, that eyeliner pencil fell into the unnecessary plastic wrap of that other thing and I didn't scan it.

I recently mentioned this to my mum and she laughed. She was proud. Because fuck Kroger, fuck these companies gouging us, stealing our land and food and ability to sustain ourselves without giving them a cut. Fuck people who hoard money so hard that people fucking die because of it. Boycotting shitty companies is what makes mums proud.

outrageous!

Maybe i'll travel to Canada to shop at a non-Kroger grocery store in boycott.

Hopefully Kroger will pay the government a fine and continue to gouge the rest of us.

Hope Harris is listening