US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher
Why? The Federal Trade Commission says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
You're viewing a single thread.
What will the new celebrity name be?
Krogertsons?
Albertger?
Grocer Monopoly
Walmart is already taken.
Absolutely. Walmart is there competition and always has been. I worked for Safeway back in the 2000s and they were always talking about Walmart.
Walmart will compete on some goods, but at least in my area they're not really a grocery store. Their selection is much more limited. Some minimal poor quality produce, limited meats (nothing fresh), and few specialty items. You can go to a grocery store and get ingredients for most meals, but you can't really do that with Walmart.
It's a numbers game. Walmart has very low margins but immense volume. They compete but selling a product 1 cent less and driving the competition out.
Yeah, they can very much hurt the profitability of a grocery store, but they shouldn't be counted as valid competition for anti-trust determination. If a region has a grocery store and a Walmart, the grocery store still has a monopoly on a lot of items.
Not even close. Albertsons and Kroger combined wouldn't have as much marketshare as WalMart. (13% vs 22%).
Depends on where you live. It would be a 100% monopoly on groceries in various parts of the US where they reside. A monopoly doesn't need to be national for it to be one.
Kralgertsons?
