Kroger down after report of price cut plans
21/05/2026 15:04
** Shares of grocer Kroger KR.N fell 3% to $66.49 ** KR's new CEO Greg Foran is looking at big price cuts in order to win back market share and take on competitors like Walmart WMT.O, Costco COST.O and Amazon.com AMZN.O - Bloomberg News reports ** Co is laying the groundwork for lower prices across product categories, according to the report ** As of last close, KR up ~10% YTD (Reporting by Sanskriti Shekhar in Bengaluru) ((Sanskriti.Shekhar@thomsonreuters.com))