Retailers, consumers and prices
Check Out Line: Kroger Kroger rides lower prices, gas discounts to higher profit
“Kroger continues to help customers stretch their budgets in a number of ways, including lower prices and our expanded generic drug and gas discount programs,” chief executive David Dillon said in a statement.
The price cuts, he said, were helping Kroger’s customers save $1 billion annually, at a time when shoppers deem every last dollar precious, as they face skyrocketing prices for necessities such as gasoline.
Kroger also raised its outlook for the full year, based on the strength of the results from the reported quarter.
Also in the basket:
Williams-Sonoma is trimming its catalog mailings (WSJ – subscription needed)
J.C. Penney Faults Fake Ad on YouTube (WSJ – subscription needed)