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US lawmakers demand answers from Stop & Shop grocery chain over pricing algorithms

( October 1, 2024, 15:57 GMT | Official Statement) -- MLex Summary: US lawmakers are requesting information from the chief executive of Ahold Delhaize—parent company of Stop & Shop—demanding answers about the pricing algorithms used by the company, reasons for price differences at different stores, and any steps taken to lower prices and improve consistency across all 124 Massachusetts locations. US Senators Elizabeth Warren and Ed Markey along with Representatives Jim McGovern and Ayanna Pressley sent a letter to Frans Muller saying Stop & Shop’s actions appear to reflect a "problem of opportunistic and sometimes-predatory pricing practices" by major food and grocery corporations in the US. The company has been given a October 14, 2024 deadline.Statement follows...

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