Kroger buys Albertsons in massive supermarket merger, what it means for consumers

The companies said they plan to continue with their shared track record to lower prices, enhance customer experience and increase associate wages and benefits.In a statement, Kroger Chairman and CEO Rodney McMullen said,"Albertsons Cos. brings a complementary footprint and operates in several parts of the country with very few or no Kroger stores.

The newly merged company said it"expects to invest $1 billion to continue raising associate wages and comprehensive benefits after close." "Kroger and Albertsons Cos. have strong track records of providing quality products at great value. The combined company's innovation capabilities, increased manufacturing footprint and expanded national reach will drive improved quality and efficiency allowing its Our Brands portfolio to accelerate growth and profitability while remaining affordable and accessible to customers."

A Kroger-Albertson’s merger would likely close outlets of 16 chains in 40+ metros in 20+ states.

When is the DOJ/FTC going to actually enforce the antitrust laws and stop these mergers that have no other purpose beyond eliminating competition.

Have all politicians been bought off?

Great, more consolidation. What could possibly go wrong by not having competition? It's not like monopolistic corporations would ever take advantage of consumers by jacking up their prices and blame 'inflation.'

Where the fuck is the FTC?

I prefer to do my shopping at Wegner’s Groceries grocerieswegner 😉

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Kroger announces deal to merge with Albertsons to form a mega grocery chain | CNN BusinessKroger announced it's merging with Albertsons in a $24.6 billion deal, creating one of the largest grocery store chains in the United States with nearly 5,000 stores when combined. Inflation: 14 Consumers: 0 Well, this won't help food prices or the bare shelves (and poor quality) at Kroger. I don't suppose the FTC will step in to thwart this attempted monopoly? Kroger sucks. I feel so sorry for their workers.
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