Judd Legum

@JuddLegum ↗

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Last Checked Dec. 16, 2022

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Mon Dec 05 14:13:06 +0000 2022

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Judd Legum @JuddLegum

4. The combined grocery behemoth that would operate nearly 5,000 stores and control 22% of the grocery market in the United States, trailing only Walmart Kroger-Albertsons and Walmart "would control 70 percent or more of the [grocery] market in 167 cities in the United States." — PolitiTweet.org

Posted Dec. 5, 2022

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Judd Legum @JuddLegum

@kroger @Albertsons 3. @kroger recently announced an agreement to purchase @Albertsons, the nation's second-largest grocery store chain, for about $25 billion. Albertsons itself acquired another major competitor, Safeway, in 2015 for $9.2 billion. https://t.co/3BWbpkFXCp — PolitiTweet.org

Posted Dec. 5, 2022

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Judd Legum @JuddLegum

5. Kroger claims the merger would benefit consumers, pledging to "invest $500 million to lower prices" over four years as part of the transaction. Sounds good but that's $125 million per year out of $200 billion+ in revenue. Effectively nothing. https://t.co/3BWbpkFXCp — PolitiTweet.org

Posted Dec. 5, 2022