CEOs of Albertsons and Kroger says shoppers would see lower prices after merger
PORTLAND, Ore. (AP) — The chief executive officers of Kroger and Albertsons insisted Wednesday — under questioning from the federal government — that merging would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart, Costco and Amazon.
Kroger CEO Rodney McMullen and Albertsons CEO Vivek Sankaran appeared in Oregon’s U.S. District Court to testify against the Federal Trade Commission’s attempt to block the proposed merger of their companies.
