Food retailers see 'eye-popping profits' as workers reap little benefit
Kroger employee Tony Orsini loads groceries into the back of a customer's van Tuesday at the Kroger Marketplace in Dublin, Ohio. - Barbara J. Perenic/Dispatch/The Columbus Dispatch/TNS
December 08, 2020BankProfits soared an average of 39% in the first half of the year at supermarket chains and other food retailers thanks to the pandemic, although frontline workers reaped little or no benefit, a new report shows. At Cincinnati-based The Kroger Company, profits for the first two quarters were up a staggering 90%, according to the report from the Brookings Institution, a Washington, D.C.-based think tank. "We find that while top retail companies’ profits have soared during the pandemic, pay for their frontline workers — in most cases — has not," the report said. The report, released Nov. 20, reveal...
