Albertsons tells suppliers to eat the cost of tariffs: 'We are not accepting cost increases'

Albertsons tells suppliers to eat the cost of tariffs: 'We are not accepting cost increases'

Grocery chain Albertsons is taking a hardline approach to tariffs, telling its suppliers it won’t accept any price hikes, according to a letter from the company’s head of merchandising. “We are not accepting cost increases,” the letter states, before spelling out a multi-part approval process for suppliers hit by levies.  One of America’s largest supermarket chains is telling suppliers they must eat cost hikes due to increased tariffs. Albertson…