Robert ReichDec 15, 2022

Kroger projects $4.9 billion in profits in 2022.

Now it's purchasing Albertons, the second largest grocery store chain, for $25 billion.

Albertsons previously acquired Safeway for $9.2 billion.

Why are grocery prices up? Grocery store goliaths are buying the competition.

Show threadMike
@rbreich One of the many reasons I shop at Costco and Trader Joe’s!
Dec 15, 2022 at 11:28pmWeb
Show threadAlan O’MalleyDec 16, 2022
@MWilson @rbreich I shop those stores also, but know that TJ’s is owned by same family (Albrecht) who own the German grocery giant, Aldi.