This is the PickNSave near UW Parkside? Sounds like the Gurnee Marianos, except maybe they don't have a shelf slot for Cherry Garcia, just vanilla and chocolate. Kroger seems clueless about quantities of sale items to order, or they simply don't care about unhappy customers. Curious if you've tried and rejected the Pig, Festival and Fresh Thyme?budrichard wrote:... Pick n’ Save.
But the stores are different depending on the location.
There are two in Kenosha near us and one in Racine somewhat near us.
The closest is in a retirement area and is never fully stocked, runs out of Sales/Specials on the start day of Wednesday.
The one in Racine is in more affluent community but still prone to run out of sales and popular product.
Want Ben&Jerry’s ‘Cherry Garcia’ on sale for $2.99, better get there before 9am on Wed morning.
at chicagobusiness.com, Ally Marotti wrote:..
At this point, it seems unlikely that the deal will go forward, said Mike Mazzeo, dean of the Olin Business School at Washington University in St. Louis. All the pushback coming from the states has added complexity to what was already an uphill battle for Kroger and Albertsons.
With a big election looming, politics also come into play. Inflation has slowed considerably since the deal was first announced. The price of food at home was up 1.1% for the 12 months ended in June, according to the U.S. consumer price index, compared to 13% when the deal was announced. Regardless, the grocery store is one of the most visceral encounters a voter can have with rising prices.
“What’s better in an election year than (saying), ‘We are taking action to make sure that prices for groceries at the supermarket aren’t raised by corporate greed’? ” Mazzeo said. “Inflation of food at supermarkets, it’s pretty negligible over the last, say, six months. But that doesn’t matter. This is politics. The truth in economics never got in the way of politics.”
So why keep trying to push the merger through? Kroger and Albertsons could be running down the clock, waiting to see if there’s an administration change. President Joe Biden’s administration has taken a strong stance on antitrust policy. Former President Donald Trump’s administration was softer, Mazzeo said.
Additionally, terminating the deal would result in “a significant breakup fee for Kroger — to the tune of tens of millions of dollars,” said Brad Haller, a senior partner in the mergers and acquisitions practice at business management consultant West Monroe, in an email.
“Kroger and Albertsons have spent a material amount of time on this deal — internal time, advisor time and stakeholder time — and that also may be a factor for them wanting to hit pause,” Haller said. “A merger of this size takes a ton of brainpower and can cause a distraction for the core business.”
lougord99 wrote:I really feel sorry for folks in smaller towns where Kroger is the best grocery in town.
That's been the norm at the Gurnee store for a few years.lougord99 wrote:A whole bank of self checkout stations was closed. 6-7 people waiting at the other self checkout stations. The 2 manned lanes had a couple of carts each piled high.
Yeah, many places in WI have only PickNSave. The lucky ones have a local chain or franchise too: Piggly Wiggly mostly, a few Berkots. Note that for the most part WI Pigs are much nicer than IL ones.lougord99 wrote: I really feel sorry for folks in smaller towns where Kroger is the best grocery in town.
Kroger kicks off dollar bond sale to fund Albertsons tie-up
Maybe that's why everything is so blasted expensive at Marianos these days! Setting up for the $1B markdowns.The supermarket operators have proposed to [...] lower grocery prices by $1 billion.
at Bloomberg (via chicagobusiness.com) Leah Nylen, wrote:Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US government’s bid to block the Mariano's Fresh Markets parent's purchase of rival Albertsons Cos, parent of Jewel-Osco.
In a March email to his bosses, Andy Groff, Kroger’s senior director for pricing, acknowledged that the company had raised its prices more than required to adjust for higher costs.
“On milk and eggs, retail inflation has been significantly higher than cost inflation,” Groff wrote.
Groff testified about his email as part of an antitrust lawsuit by the Federal Trade Commission and a group of states aimed at blocking Kroger from buying the Albertsons chain. US District Judge Adrienne Nelson in Portland, Oregon, is expected to rule on whether to stop the $24.6 billion acquisition from moving forward.
Higher Inflation
Kroger and other grocers have benefited from periods of higher inflation as they passed down price increases to consumers. Supermarket operators raised retail prices instead of absorbing all increases, and higher food prices led to jumps in sales until shoppers pulled back on their spending.
Antitrust enforcers allege the Kroger-Albertsons deal would lead to higher consumer prices since the companies compete head-to-head in hundreds of markets across the US. The grocers say the acquisition would lead to lower prices and better position them to compete against retailers like Amazon.com Inc. and Walmart Inc.
The company’s goal is to “pass through our inflation to consumers,” Groff said in response to questions about his email.
A Kroger spokesperson said: “This cherry-picked email covers a specific period and does not reflect Kroger’s decades-long business model to lower prices for customers by reducing its margins.”
Kroger seeks to be competitive on what it terms “everyday essentials” – five items that customers buy most: milk, eggs, sugar, bananas and iceberg lettuce, Groff said. Every week, Kroger benchmarks its prices on those items against three others: Walmart, Aldi Inc. and a traditional retailer in the market. Albertsons is the “key traditional retailer” in every market where they compete with Kroger, Groff said.
ronnie_suburban wrote:at Bloomberg (via chicagobusiness.com) Leah Nylen, wrote:Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US government’s bid to block the Mariano's Fresh Markets parent's purchase of rival Albertsons Cos, parent of Jewel-Osco.
In a March email to his bosses, Andy Groff, Kroger’s senior director for pricing, acknowledged that the company had raised its prices more than required to adjust for higher costs.
“On milk and eggs, retail inflation has been significantly higher than cost inflation,” Groff wrote.
Groff testified about his email as part of an antitrust lawsuit by the Federal Trade Commission and a group of states aimed at blocking Kroger from buying the Albertsons chain. US District Judge Adrienne Nelson in Portland, Oregon, is expected to rule on whether to stop the $24.6 billion acquisition from moving forward.
Higher Inflation
Kroger and other grocers have benefited from periods of higher inflation as they passed down price increases to consumers. Supermarket operators raised retail prices instead of absorbing all increases, and higher food prices led to jumps in sales until shoppers pulled back on their spending.
Antitrust enforcers allege the Kroger-Albertsons deal would lead to higher consumer prices since the companies compete head-to-head in hundreds of markets across the US. The grocers say the acquisition would lead to lower prices and better position them to compete against retailers like Amazon.com Inc. and Walmart Inc.
The company’s goal is to “pass through our inflation to consumers,” Groff said in response to questions about his email.
A Kroger spokesperson said: “This cherry-picked email covers a specific period and does not reflect Kroger’s decades-long business model to lower prices for customers by reducing its margins.”
Kroger seeks to be competitive on what it terms “everyday essentials” – five items that customers buy most: milk, eggs, sugar, bananas and iceberg lettuce, Groff said. Every week, Kroger benchmarks its prices on those items against three others: Walmart, Aldi Inc. and a traditional retailer in the market. Albertsons is the “key traditional retailer” in every market where they compete with Kroger, Groff said.
Kroger egg pricing turns merger trial into inflation fight
=R=
ronnie_suburban wrote:at Bloomberg (via chicagobusiness.com) Leah Nylen, wrote:Kroger and other grocers have benefited from periods of higher inflation as they passed down price increases to consumers. Supermarket operators raised retail prices instead of absorbing all increases, and higher food prices led to jumps in sales until shoppers pulled back on their spending.
Kroger egg pricing turns merger trial into inflation fight
=R=
Kudos to Chicago Business for reporting this but isn't this precisely how the free market is supposed to work? I'm not attempting to troll (or defend Kroger) in any way whatsoever. We all make buying decisions everyday based on perceived value, whether we are buying eggs or a vehicle...