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04.09.26 - 00:33
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DOJ Adds Walmart, Costco, Amazon To Beef Price Probe (ZeroHedge)
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DOJ Adds Walmart, Costco, Amazon To Beef Price Probe
Authored by Kimberly Hayek via The Epoch Times,
The Justice Department has added eight major grocery chains to its beef affordability investigation.
Ground beef for sale at a supermarket. Nata.dobrovolskaya/Shutterstock
The announcement came Tuesday in a post from the department's official X account. Associate Attorney General Stanley Woodward sent the retailers the letters concerning recent increases in the retail price of beef.
The list includes Kroger, Publix, Walmart, Albertsons, Aldi, Ahold Delhaize USA, Costco, and Amazon.
The DOJ's Antitrust Division "has expanded its investigation to include 8 of the largest grocers when it comes to beef affordability," the post read. "Beef prices are a critical concern to Americans, and a priority for this Justice Department."
Nothing more was released about what the letters demand or when answers are due.
The department had already been investigating the big meatpackers. Cargill, Tyson Foods, JBS...
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01.09.26 - 11:30
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Bear of the Day: Albertsons (ACI) (Zacks)
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Despite maintaining a vast physical retail footprint, Albertsons faces severe headwinds, including shrinking profit margins, shifting consumer habits, and negative projected sales and earnings growth....
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