pricing

Blackpool South MP Chris Webb, himself a new parent, is calling for tighter pricing regulations on the sale of baby formula, amid concerns about rising costs and out-of-control marketing to new parents.

"It goes back to supply and demand - dynamic pricing," says Sarah Johnson.

Sen. Elizabeth Warren, D-Mass, and Rep. Adam Schiff, D-Calif., are calling upon the Federal Trade Commission and Department of Agriculture to investigate Albertsons and other major grocery chains for “predatory pricing” practices that may have violated federal laws.

“Albertsons is one of the largest food retailers in the United States, boasting over 2,200 stores across the country. This settlement covers the 589 Albertsons stores in California, but all U.S. customers should be protected from predatory pricing,” the lawmakers wrote in their letter.

In speaking with The Hill, the FTC confirmed it had received the letter, but had no further comment, while a spokesperson for Albertsons Companies said the company follows “all local pricing rules and regulations in the various communities where we operate, and we work quickly to correct any pricing discrepancies.”