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 threadAmitava Bose
@rbreich Will the middle class survive in the US? Or is the US now a country divided between the ultra-wealthy and the struggling poor? The divide will likely get worse by the day. The future is full of smiles and sunshine.
Dec 16, 2022 at 2:27amWeb