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Posted on 8/28/24 at 2:30 pm to c on z
We have Kroger and Publix mainly with Food City in some areas. Kroger is by far the cheapest if you use your card.
Posted on 8/28/24 at 2:33 pm to chryso
quote:What the hell happened to Publix/Rouse/ALDI/Wal-Mart/Sam's/Costco? Kroger can charge whatever they want, competitors can undercut them and take their customers.
How about when they are the only one left to buy from?
Posted on 8/28/24 at 2:37 pm to BluegrassBelle
quote:
Publix
Posted on 8/28/24 at 2:41 pm to upgrayedd
That sawed off little bitch Reich got community noted : 
Posted on 8/28/24 at 2:52 pm to c on z
For once I support the Feds. Block the merger. Letting grocery chains merge will do nothing to help consumers.
Posted on 8/28/24 at 3:03 pm to RT1941
I've been mislead by the amount of upvoted posts here about high grocery prices only ranking behind giant-titted instagram hos.
Good to know it's not really a problem since other supermarkets are meaningfully undercutting the competition.
Good to know it's not really a problem since other supermarkets are meaningfully undercutting the competition.
Posted on 8/28/24 at 3:06 pm to upgrayedd
How many cashier/stockers/butchers can run a billion dollar company? That line of logic is just lazy.
Posted on 8/28/24 at 3:17 pm to wm72
quote:
I've been mislead by the amount of upvoted posts here about high grocery prices only ranking behind giant-titted instagram hos.
Good to know it's not really a problem since other supermarkets are meaningfully undercutting the competition.
No one is celebrating high prices. But we recognize the cause of high prices isn't that every single grocery store decided to price gouge. The cause is government money printing. The ones to blame want you to blame the grocery stores.
We are highlighting the absurdity of blaming retailers in a highly competitive market. The free market drives prices down. It is a race to the bottom. Who can scoop up market share by undercutting the competition and still stay afloat.
Posted on 8/28/24 at 3:21 pm to RaginCajunz
OP votes for this, openly brags about it, then demonizes those who have to increase prices bc of the policies they voted for.
I’m so glad I no longer vote alongside these drooling groomers.
I’m so glad I no longer vote alongside these drooling groomers.
Posted on 8/28/24 at 3:39 pm to Bunk Moreland
You could piss on Krugman’s front porch and the dumbass would call it organic rain
Posted on 8/28/24 at 3:42 pm to c on z
This is such fricking bullshite. It’s economics 101. If P intersects Q at the point of equilibrium, then that’s the price the consumers are willing to pay. It’s not price gouging. It’s math. frick me people are idiots.
Posted on 8/28/24 at 3:46 pm to c on z
My experience is that HEB is slightly higher than Kroger, but has much better quality on the items I purchase.
Posted on 8/28/24 at 3:55 pm to wm72
Giant company has giant revenue.
No shite.
They can survive on small margins because of that giant revenue.
What margin is ok with you then?
1%?
0%?
Negative?
Ugh. Why do I bother?
No shite.
They can survive on small margins because of that giant revenue.
What margin is ok with you then?
1%?
0%?
Negative?
Ugh. Why do I bother?
Posted on 8/28/24 at 3:58 pm to Mid Iowa Tiger
quote:
So Kroger must have lost a lot of business to other grocers in their operating area.
What if they are all using the same dynamic pricing calculator like the rental sector has been discovered to be using the past few years?
*This is just a hypothetical not an accusation
AI has become better at figuring out where the breaking point is on what people will pay in the past few years.
Posted on 8/28/24 at 4:12 pm to RaginCajunz
quote:
No one is celebrating high prices. But we recognize the cause of high prices isn't that every single grocery store decided to price gouge. The cause is government money printing. The ones to blame want you to blame the grocery stores.
It's not individual stores hiking prices as much as pretty much every corporation involved in the food industry.
They are almost all making record profits!
The diversionary scapegoats at this point are things like Trump's pandemic checks but that mainly just means the government printed money was another thing fueling their record profits.
If inflation/ increased costs that must be passed on to consumers were really the main reason the prices are so high their profits would not be skyrocketing.
Posted on 8/28/24 at 4:17 pm to upgrayedd
Who the frick quotes gross profit margin?
Posted on 8/28/24 at 4:29 pm to wm72
So i
So why the pearl clutching at Kroger?
"Kroger hiked milk, egg prices above inflation, merger judge told"
So it's not retailers that colluded, it's the food manufacturers? Perhaps it is every farmer. Perhaps the fuel companies that fuel the farms and deliveries? Perhaps its the tractor manufacturers who make the equipment colluding? Maybe it's all of them gouging the public?
or just maybe... just maybe inflation jacks all of the numbers up. Including the "profits." Are these profits being adjusted for the skyrocketing inflation? The value of the dollar doesn't change the relative nature of those values.
Monopoly money to some extent. The bad news. Your 401k value isn't really as valuble as you think. Your home value increase isn't as impressive. It's all measured in relation to each other. The same reason increasing the minimum wage only drives up inflation.
quote:
It's not individual stores hiking prices as much as pretty much every corporation involved in the food industry.
They are almost all making record profits!
The diversionary scapegoats at this point are things like Trump's pandemic checks but that mainly just means the government printed money was another thing fueling their record profits.
If inflation/ increased costs that must be passed on to consumers were really the main reason the prices are so high their profits would not be skyrocketing.
So why the pearl clutching at Kroger?
"Kroger hiked milk, egg prices above inflation, merger judge told"
So it's not retailers that colluded, it's the food manufacturers? Perhaps it is every farmer. Perhaps the fuel companies that fuel the farms and deliveries? Perhaps its the tractor manufacturers who make the equipment colluding? Maybe it's all of them gouging the public?
or just maybe... just maybe inflation jacks all of the numbers up. Including the "profits." Are these profits being adjusted for the skyrocketing inflation? The value of the dollar doesn't change the relative nature of those values.
Monopoly money to some extent. The bad news. Your 401k value isn't really as valuble as you think. Your home value increase isn't as impressive. It's all measured in relation to each other. The same reason increasing the minimum wage only drives up inflation.
This post was edited on 8/28/24 at 4:32 pm
Posted on 8/28/24 at 4:34 pm to thelawnwranglers
quote:
Gross Profit less then 20% how do you cover admin
At a grocery that’s still a lot of profit just on volume.
Posted on 8/28/24 at 4:35 pm to c on z
Yeah, that’s kind of how markup percentages work. When costs of goods goes up, profits also go up.
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