• Kroger closed grocery stores rather than give workers a $4 raise. Now it's padding shareholders' pockets with a $1 billion stock buyback scheme

    10 days ago - By Business Insider

    In June, Kroger announced a $1 billion stock buyback program.
    AP Photo/Paul Sancya
    Paul Constant is a writer at Civic Ventures and cohost of the " Pitchfork Economics " podcast.
    He talks about how Kroger closed stores during the pandemic to avoid giving workers 'hero pay.'
    Despite claiming closures were necessary, it just announced a $1 billion stock buyback program.
    See more stories on Insider's business page .
    Back in February , I wrote about national grocery chain Kroger's announcement that it was closing low-performing stores in Seattle and Long Beach after the two cities passed laws...
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