The chief executive officer of Kroger insisted Wednesday that merging with rival Albertsons 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 argued in favor of what would be the largest grocery chain merger in U.S. history while testifying during a federal court hearing in Oregon on the U.S. government's request for a preliminary injunction that would block the $24.
According to figures included in the document, Albertsons is Kroger's biggest competitor in multiple metropolitan areas, including Portland.A Kroger attorney countered by saying that Walmart remains Kroger's largest competitor in a majority of markets around the country.The FTC and labor union leaders also claim that workers' wages and benefits would decline if Kroger and Albertsons no longer compete with each other.
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