NEW YORK — Product-cost inflation has been manageable so far, retail executives speaking at a conference here said last week. “The strategy is to pass inflation along, and so far, everyone is being pretty rational,” said Michael Schlotman, senior vice president and chief financial officer, Kroger Co., Cincinnati, at the BMO Capital Markets 2011 Farm to Market conference. He said it was still too soon to accurately assess how consumers were reacting to higher shelf prices, however, ...

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