Robert Reich: If the Kroger-Albertsons merger goes through, that combined company + Walmart would control 70%
/?xmt=AQGzrMl9kUiVCEE6QDRbf0QkxPj2eOtEokqHmUCRgaCeSA"If the Kroger-Albertsons merger goes through, that combined company + Walmart would control 70% of the grocery market in over 160 cities.
Think grocery prices are bad now?
Without competition, it would be a price gouging free-for-all.
This is why the FTC is suing to stop it."
= new reply since forum marked as read
the Wichita paper ran a front page story about how many millions (maybe billions) of profit Safeway had in
the previous year, and to the untrained eye sounded like the editor was suggesting Safeway was ripping
people off. If you followed the article to inside the paper, which was only one more paragraph it ended with
Safeway's profit margin for that year was only 4 tenths of one percent (.004).
At work, all you could hear from coworkers was how Safeway was stealing from people and how they'd
never shop there again. Within 6 months Safeway closed all but one store in Wichita. And that's when I
started driving past the closest Dillions to buy groceries at Safeway
It was discovered about a year later that the head of Dillions from Hutchinson, Kansas and the Editor were
golfing buddies. To me it proved how underhanded they were. 