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this post was submitted on 26 Feb 2024
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Hmmm….
Kroger: 2,750 stores in 35 states and the District of Columbia
Albertsons: 2,273 stores in 34 states
Total: 5,023 stores. Presumably some would close due to proximity after the merger.
Walmart: 5,214 stores in the 50 states, DC, and Puerto Rico
I smell a break up!!!
I'd love to see it but this isn't the best comparison. The total number of stores aren't what makes a company a monopoly, it's the ratio of one company's market share versus its competitors.
Fair point.
Luckily, digging through OP’s article, I have found the data!
That doesn't matter as much as what is the local grocery shopping going to be like. I've never been to a Kroger (and only have been to an Albertsons via the Safeways they bought), so them controlling some percent of the market doesn't say anything about the competitiveness of my local grocery market. Lots of people only live near a single grocery store brand, and that number would increase if those two merged.
Guess Kroger and Albertsons didn't pay enough