Posted 2/27/2024, 3:48:00 PM
U.S. government opposes Kroger-Albertsons merger over grocery competition concerns
- Would reduce competition and choice, leaving some areas with only one major grocery store chain
- Could lead to higher prices with less incentive to keep prices low due to lack of competition
- May result in worse service and fewer innovations if chains don't have to compete as much
- Questions around impact on workers despite promises of higher wages
- Federal Trade Commission and some state attorneys general argue it will hurt consumers