Kroger Plans Biggest Price Cuts In Years to Take On Walmart, Costco
Key Points:
- Kroger Co.'s new CEO, Greg Foran, plans to implement significant price cuts to regain market share and compete with Walmart and other rivals.
- Kroger, the largest US grocery company with 21 chains including City Market and Fred Meyer, aims to lower prices across various product categories.
- The company is preparing to test these price reductions before gradually rolling them out.