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News@lemmy.world · 9 months ago

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

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US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

NegativeNull@lemmy.world to

News@lemmy.world · 9 months ago

Why? The Federal Trade Commission says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.

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GladiusB@lemmy.world
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9 months ago
It’s a numbers game. Walmart has very low margins but immense volume. They compete but selling a product 1 cent less and driving the competition out.

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