Kroger CEO pins price increases on rising costs at trial
Kroger CEO Rodney McMullen and Albertsons CEO Vivek Sankaran testify about their proposed grocery store merger, in Washington/ PORTLAND, Oregon (Reuters) - Kroger CEO Rodney McMullen attributed rising grocery prices to increasing costs for retailers as he defended the grocery chain's proposed $25 billion merger with rival Albertsons at a trial on Wednesday. In testimony a trial in Portland, Oregon, McMullen cited rising supplier costs, fuel prices and credit card swipe fees when asked by the company's lawyer why prices have risen./ The U.S. ...
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