Stand United Against The Kroger /Albertsons Megamerger!
Despite our nation’s growing economic anxiety, historic rates of inflation, and fears of recession brought on by rising food and consumer prices, Kroger and Albertsons are pushing for a corporate merger that could give them almost unchecked control over retail food prices, grocery store access, the food supply chain, and the wages and benefits of essential workers who were critical to our nation’s day-to-day survival during the pandemic.
Statement on Kroger, Albertsons Proposed Store Divestiture
How Will The Merger Impact Local Communities?
Independent Grocers will be less likely to compete in the industry.
Studies show that grocery mergers reduce consumer choice and raise grocery prices.
The Economic Policy Institute projected that the merger would lower wages for one in four essential grocery store workers in the US.
READ & LEARN
Kroger-Albertsons merger will harm grocery store worker wages
The deal will reduce the number of outside employment options available to workers, lowering grocery store workers’ annual wages by a total of $334 million—about a $450 loss in annual wages per worker.
The Effect of Mergers on Consumer Prices: Evidence from Five Selected Case Studies
In this paper, we propose a method to evaluate the effectiveness of U.S. horizontal merger policy and apply it to the study of five recent consumer product mergers. We selected the mergers from those that, from the public record, seemed to be most problematic for the antitrust agencies.
A Kroger-Albertsons Merger Would Be Bad for Almost Everyone
If the Kroger-Albertsons merger is completed, its critics say that grocery prices will increase due to diminished competition. There is a strong historical correlation between big mergers like these and price increases. “Without competition, families are forced to pay higher and higher prices often for less and less of the product.”