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    Michael Hiltzik: Think food inflation is bad now? Wait till Kroger and Albertsons merge

    The gargantuan proposed $24.6-billion merger of supermarket behemoths Kroger and Albertsons is being touted by the merger partners as a boon to consumers. "We will take the learnings from each company to bring greater value and a better experience to more customers, more associates and more communities," Kroger Chief Executive Rodney McMullen told analysts and investors in a conference call ...
    by Michael Hiltzik, Los Angeles Times Oct 18, 2022 5 minutes
    Kroger, which owns Ralphs, and Albertsons will be merging with a $24.6- billion deal.

    The gargantuan proposed $24.6-billion merger of supermarket behemoths Kroger and Albertsons is being touted by the merger partners as a boon to consumers.

    "We will take the learnings from each company to bring greater value and a better experience to more customers, more associates and more communities," Kroger Chief Executive Rodney McMullen told analysts and investors in a conference call Friday after the deal was announced.

    McMullen didn't explicitly say that would mean lower prices, but it would be a rare shopper who didn't think that "greater value and a better experience" meant anything other than paying less at the checkout counter.

    Some analysts said the merger of the largest and second-largest supermarket chains would allow them to compete better with the biggest grocery retailer of all, Walmart, and the rapidly upward-scuttling Amazon,

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