High grocery prices helped scuttle the dealInflation at the grocery store loomed over the proposed merger.
Over the past four years, grocery prices have risen significantly,” the FTC said in its lawsuit.
Kroger had committed to invest $500 million in lower prices and $1.3 billion to improve Albertsons’ stores if the merger cleared.
Yet consolidation in the grocery sector is growing, and small grocery stores are struggling.
Traditional grocery stores have also lost ground to Walmart, Costco, dollar stores and online retailers during that span.
Persons:
it’s, Kroger, Ash, “, ” Greg Ferrara, Joe Biden, Lina Khan, Khan, Marc Perrone, ” Sen, Elizabeth Warren, ” Joe Feldman
Organizations:
New, New York CNN, Kroger, Albertsons ’, Albertsons, Walmart, FTC, Bureau of Labor Statistics, Albertsons Cos, Safeway, Bloomberg, Getty, Agriculture Department, Costco, Independent, National Grocers Association, Meta, Microsoft, Unions, Democrats, Food, Commercial Workers ’, ”, Top Democratic, Twitter, Aldi, Activision, Telsey Advisory
Locations:
New York, Scottsdale , Arizona