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 threadAilyrr
@rbreich here in Oregon, where I live, we have Safeway, Albertsons, Fred Meyer (Kroger), QFC (Kroger), and Winco (independent). With the take-over of Albertson’s/Safeway, it leaves us with Kroger and Winco.
Dec 16, 2022 at 9:16pmWeb