There is a lot of misinformation in this report. Walmart is the largest grocery retailer in the nation with 25% of the market. Costco is second with 7%. The combination of Kroger and Albertsons would amount to no more than 11% to 15% of the nation's grocery sales.
@@chair6180 Oh, ok. So in your wokey wokey school they taught you that people build a profitable company after working all their life and simply hand it off to competitors to run? I assume all the restaurants are closing because of greed huh?
@@uoohknk6881 dude, you can't even hide your bias, and preferred beliefs. I am just telling you how the financial market works. I didn't say the merger is good or bad in the context of your previous statement. And yes, I am educated. I envy your ability to make various phenomena simple.
@@chair6180 Actually, it is common knowledge that record high inflation and a decrease in SNAP benefits have reduced margins in the grocery sector. Kroger is a public company therefore they would only merge if it meant larger profits, which by default it does not (see AOL Time Warner). It does eliminate destructive competitive practices. Look at Airlines, Automotive, and Groceries, all are very cut throat markets with extremely high uncontrollable labor costs. These are the companies who tend to merge. The bigger question is why is the FTC so powerless to stop consolidation?
Food and gas prices are because of the leftist progressive government in WA,, the need as a a cooperation to make a profit to survive is secondary to that..
It makes sense to close stores in Washington. It’s not corporate greed - it is the need to produce income as a business. You can’t do that when you have to deal with the rampant shoplifting and crime in Washington, minimum wage laws, and the ridiculous union demands.
@@gizzyguzzi Other than Seattle & some other King County cities, I'm unaware of any other cities that require pay higher than federal minimum. Any positions that are non-union start at minimum wage. My son worked at Kroger for 3 1/2 years, he started as non-union & then applied for a union position.