Market Chatter: Kroger CEO Plans Price Cuts to Remain Competitive
MT Newswires Live
May 21
Kroger (KR) Chief Executive Officer Greg Foran is looking to implement substantial price cuts to keep the company competitive, Bloomberg reported Thursday, citing an interview with the CEO.
Management is planning to test the price cuts before implementation, according to the report. Kroger is also working on improving store service and accelerating its new store openings, Bloomberg added.
Kroger did not immediately respond to MT Newswires' request for comment.
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