The Federal Trade Commission sued to block a proposed merger between the grocery giants, saying the $24.6 billion deal would eliminate competition and lead to higher prices.
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.
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.
Luckily, digging through OP’s article, I have found the data!
Together, Kroger and Albertsons would control around 13% of the U.S. grocery market; Walmart controls 22%, according to J.P. Morgan analyst Ken Goldman.
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!
Guess Kroger and Albertsons didn’t pay enough