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0 0 0.00196629213483147 0.00196629213483147 0.00266853932584266 0.00210674157303379 -0.000702247191011196 0.00421348314606738
Stock impact report

Albertsons tells suppliers to eat the cost of tariffs: ‘We are not accepting cost increases' [Fortune]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Fortune
from the company's head of merchandising. “We are not accepting cost increases,” the letter states, before spelling out a multi-part approval process for suppliers hit by levies. One of America's largest supermarket chains is telling suppliers they must eat cost hikes due to increased tariffs. Albertsons, which owns 2,200 grocery stores across the U.S., sent a letter to suppliers in late March spelling out how it would deal with price hikes. “[W]ith few exceptions, we are not accepting cost increases due to tariffs,” the letter read (emphasis in the original). “Suppliers are not permitted to include tariff-related costs in invoices without prior authorization by Albertsons Companies,” it further stated, adding, “Any invoices that include such charges without prior authorization will be subject to dispute and may result in payment delays.” America's second-largest grocer explained that this policy stemmed from its commitment “to maintaining the value propositions our customer Show less Read more
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