Judd Legum

@JuddLegum ↗

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Last Checked Dec. 16, 2022

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Mon Dec 05 14:14:21 +0000 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

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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

6. An influential 2008 study "found that in four of the five mergers they evaluated, [grocery] prices appeared to have increased between 3 and 7 percent." https://t.co/3BWbpkFXCp — PolitiTweet.org

Posted Dec. 5, 2022