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Kroger wants to buy Albertsons, a major competitor, who also owns Safeway, which Albertsons somehow was approved to buy 3-4 years ago. The attached is a good representation of what “choice” would look like if the merger were approved by the FTC for SE metro area of Portland; 6/10 larger grocers would be run by Kroger (WinCo, Costco, Grocery Outlet and New Seasons the only exception).
This is a big deal because:
- Kroger has already been price gouging like crazy since the pandemic as we all knew but has been recently confirmed by Kroger themselves (https://www.newsweek.com/kroger-executive-admits-company-gouged-prices-above-inflation-1945742)
- This would make bullet #1 above worse with that scale of market dominance
- Kroger was among the most appalling for worker and customer safety during the pandemic. They had sneeze guards up in their 172nd location in May of 2021, a full 1.5 years after the pandemic started, never enforced masking and refused to take any returns during the pandemic for any reason, but mainly to pad their bottom line.
- Kroger’s local workers are currently on strike for the crap wages and conditions they have endured. A larger corporate entity would only grow the awful employment and labor practices Kroger has.
- Pharmacy services are already under-served and with Rite-aid and Walgreens closing hundreds of locations nationwide, it would force more medically dependent customers to Kroger, who demonstrated its absolute indifference to worker and customer safety before, during and after the pandemic.
If you want to slow grocery price gouging, support better conditions for customers and employees, be able to choose other companies when one isn’t meeting your needs, I highly recommend sharing your thoughts with the FTC and boycotting Kroger/Safeway/Albertsons as much as you can.
They should not be allowed to merge. However, where I live they are one of almost literally a dozen options within a 3 mile radius. Won't really affect me either way.