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Kroger loses $12 billion as customer behavior takes a turn​

Kroger is facing mounting pressure from shifting customer habits, causing it to lose $12 billion as competition intensifies.

In recent months, the grocery chain, which operates regional supermarkets such as Ralphs, Fred Meyer, and Smith’s, has grown laser–focused on attracting and retaining price-conscious customers by offering more value and lower prices in its stores.

For example, it began offering extra savings on gas in March and refreshed its loyalty rewards program to include more simplified offers. In May, Kroger CEO Greg Foran confirmed plans to cut prices on thousands of items in its stores, a move that takes on Walmart, Costco, and other retailers emphasizing lower prices.

“The reality is, the basket has to come down,” said Foran in a Bloomberg report in May. “It needs to be across thousands of products, and it has to be something that passes the commonsense piece with customers.”

More:

https://www.msn.com/en-us/money/gen...ior-takes-a-turn/ar-AA2c7WqY?ocid=socialshare
 

 
EU and China on the brink of trade war | DW News

Sep 16, 2026 #dwbusiness
In a historic shift, VW CEO Oliver Blume is publicly urging the EU to impose trade defense measures on Chinese plug-in hybrids. This marks the first time a major German automaker has openly called for tariffs against Beijing, signaling an end to the industry's long-standing policy of open markets. With China currently running a €1 billion-a-day trade surplus with Europe, experts warn that up to 300,000 European factory jobs are at risk. Are they sliding towards a trade war?


13:48
 


 
Weekly scrap market report

Copper’s record-setting run came to a sudden halt, with prices dropping more than $0.55/lb. in just days. Now that copper is showing signs of stabilizing, is the drop over—or is more volatility ahead?
Want to find scrap prices across the country? See them HERE: https://iScrapApp.com/
👉 Read more: https://iscrapapp.com/blog/weekly-scr...


8:22
 
Intermodal Weekly

 
  • Warren Buffett is stepping down as chairman of Berkshire Hathaway, effective immediately, the company said Friday.
  • Buffett will become chairman emeritus and his son, Howard Buffett, will replace him as chairman.
  • The legendary investor has led Omaha, Nebraska-based Berkshire since 1965, posting a 19.7% compounded annual return, nearly double the return of the S&P 500.
 
 

Amazon raises minimum hourly starting wage to $20​

Amazon is increasing its minimum starting wage for full-time core operations employees in the U.S., including workers in its fulfillment and logistics network, to $20 an hour ahead of the holiday shopping season.

The $1 hourly increase for workers who perform jobs such as packing and shipping orders brings the average hourly pay to nearly $24, the company said Wednesday, adding that the pay increase will take effect Sept. 27.

More:

https://www.msn.com/en-us/money/gen...rting-wage-to-20/ar-AA2cthX1?ocid=socialshare
 
  • Tariffs are raising the cost of materials and goods, higher fuel prices are increasing production and transportation costs, and higher interest rates are making it more expensive to finance inventory.
  • Auto suppliers, chemical companies and other industrial businesses are seeing margins squeezed as they struggle to absorb higher costs.
  • Companies that can pass higher costs to customers are better positioned, while businesses facing price-sensitive consumers risk losing demand if they raise prices too much.
  • Big corporations with substantial cash reserves and longer-term debt are less immediately exposed to higher rates than smaller, more leveraged businesses.
 
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