Judd LegumDec 5, 2022

1. Supermarket prices are up 13% in the last year and profits are at record highs

There isn't much competition to keep prices in check

Now, the nation's largest supermarket chain (@[email protected]) wants to buy the 2nd-largest (@[email protected])

What could go wrong?

https://popular.info/p/buying-the-competition

Buying the competition

Over the last year, prices for groceries are up 13%. Meanwhile, the price of food at restaurants has increased more slowly at 8.5%. Why? Restaurants are a highly-competitive industry. The grocery industry, on the other hand, has been consolidating. The total number of grocery stores in the United States "

Popular Information
Show threadWait, what? 🦣
@juddlegum
I wonder where they got the money to fund this kind of merger… oh wait… by using every possible excuse to gouge their customers.
Seems like something that should disqualify any argument that increasing their market power will be good for consumers.
Dec 5, 2022 at 2:40pmWeb