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 threadJudd LegumDec 5, 2022

@[email protected] @[email protected] 2. @[email protected] recorded a $3.5 billion profit in 2021 and projects an even larger haul, $4.9 billion, in 2022. Kroger itself has fueled the consolidation, acquiring a slew of competing chains, including Harris Teeter and Fred Meyer.

Now, Kroger wants to get MUCH BIGGER

Show threadMcKennaLake
@juddlegum
Meanwhile, they cut employees and I’ve got t scan my own groceries.
If I wanted to be a cashier again, I’d get a job. Oh, wait
Dec 6, 2022 at 12:07pmWeb