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This just shouldn’t happen. It’s bad for workers & consumers. Capitalism only works when there’s competition, thus why the FTC – among other agencies – is tasked with putting up these types of guardrails. It’s nice to an FTC that does its job.
Agreed. Both CEO’s are either clueless, lying to themselves, or lost in the sauce ($$$).
+1
Absolutely deceptive. Reduced competition never decreases prices.
Both grocers should probably be broken up already.
Per Data Analytics company, Numerator:
For the last three years, Walmart has maintained a market share by dollars spent of more than 20% and increased its market share gradually every year. In 2021, Walmart captured 21.9%, followed by 22.6% in 2022, and 23.6% in 2023, putting the retail giant at the top of the list.
Meanwhile, Kroger’s share of dollars spent has declined over the last three years with 11.2% in 2021, 10.6% in 2022, and 10.1% in 2023.
Costco has seen its market share increase over the last three years with 8.8% in 2021, 9% in 2022, and 9.2% in 2023.
Albertsons took the fourth spot in 2023, capturing 6.4% over the course of the year. That’s down from 6.7% in 2022 and 6.5% in 2021.
In fifth place, Publix has remained flat over the last three years, earning 4.8% every year since 2021.
A further reduction in the lines of distribution by reducing the suppliers, and no regard for quality of the food supply.
Lower prices? Count me skeptical. Higher profits…..almost assured.