I retract this. Someone else told me that it's not true.
heard this when Bingo opened, but KRM since changed the strategy and tried to fight back with specials.
Let just say what I heard from 2 vendors, that while KRM "has" to get it cheaper then all other groceries, they sell it at the same price, keeping all profits to himself, Bingo gives it cheaper to the clients splitting the profit.
When KRM started to become a big player, he understood that only he is allowed to get it cheaper and everyone else should be upset, now when Bingo opened he found himself in the same boat