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 threadDavid West
@juddlegum The same thing that always goes wrong. First they'll talk about "synergies" and "economies of scale" to receive regulatory approval. When the deal goes through they'll be billions in debt which we'll all pay for at the cash register. When they start closing "unprofitable" locations food deserts will expand. I think that about covers it...
Dec 5, 2022 at 3:58pmWeb