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Kroger Is Cutting Prices, Will Vendors Pay the Bill?
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Kroger Is Cutting Prices, Will Vendors Pay the Bill?
The Announcement In his first major media interview since taking over as CEO in February, Greg Foran told Bloomberg that Kroger is preparing to roll out its most aggressive retail price reductions in years. The cuts will span thousands of products, they’ll be tested first and phased in over time, and the goal is straightforward: close the gap on value-driven competitors who have been pulling shoppers away from traditional grocery. Foran named …
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