Albertsons Companies, Inc.

21.09

-0.0500-0.24%

Post-market: 21.300.2100+1.00%19:10 EDT

Volume:5.21M

Turnover:109.99M

Market Cap:12.14B

PE:12.86

High:21.32

Open:21.16

Low:21.00

Close:21.14

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Maggie Hassan  asked the retailers to quantify the effects of the tariffs on food costs and store equipment, such as shelves and refrigerators. Trump doubled the duty on imported steel and aluminum to 50% on June 4.Most tin-coated steel used to make cans is imported. The Consumer Brands Association, which represents packaged food manufacturers, projected the 50% duty could increase prices for canned food items by 9% to 15%.\"High grocery prices are a top economic concern for Americans,\" wrote Hassan, the ranking minority member of the Senate's Joint Economic Committee. She said other concerns have been raised about the tariffs' impact on grocery operations and logistics.This item is part of a Wall Street Journal live coverage event. 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They typically have bigger baskets, they're often very loyal,\" said CEO Susan Morris at WSJ's Global Food Forum in Chicago. She adds that the grocery store chain hasn't yet had challenges specifically tied to restrictions on candy or soda. \"As SNAP continues to change, we'll stay close,\" said Morris. WSJ has reported that the Agriculture Department is fast-tracking state requests to pull soda and candy from food-stamp programs, noting that Arkansas and Indiana are among the first to seek clearance from USDA to implement such changes. 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While the grocery store chain is building around 11 to 15 stores a year, Morris said it wasn't able to do some of its normal store hygiene in the last two and a half years. \"There comes a point in time it's just the right thing for the business,\" said Morris. 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I call it micro-market merchandising and really focus on the local customers that we're serving.\" As an example, Morris notes that local differences will be seen on July 4, where front page ads in Texas will display brisket while ones in Northern California will display tri-tip. 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