Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by dragonwriter on Tuesday September 26, 2023 @01:08PM
(#37662453)
> And now Albertsons and Kroger are merging together into one gigantic holy-shit mega corp.
Well, they want to, but its quite likely that the FTC will prevent or force major changes to that.
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by travoc on Tuesday September 26, 2023 @01:08PM
(#37662441)
Not even close. Combining all those brands results in a 13.5% market share.
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by dragonwriter on Tuesday September 26, 2023 @01:10PM
(#37662484)
Groceries aren't a single national market, and its quite likely that such a merger would both create both monopolies and monopsonies.
Its also quite likely that the big grocery merger won't happen as planned for that reason.
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by loeg on Tuesday September 26, 2023 @01:18PM
(#37662607)
Albertsons + Kroger is like 90% of the market in Seattle, where I live, though.
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by unregistereddev on Tuesday September 26, 2023 @01:56PM
(#37663230)
It's very location-dependent. In my midwest metro I believe they'd be less than 5% of the market. I'm sure Albertsons and Kroger each have local monopolies in different regions.
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by plagiarist on Tuesday September 26, 2023 @02:22PM
(#37663642)
I think they have a good point, though. I would like the laws to prevent a single corporation from being 90% of all groceries for an entire state even if they aren't anything close to a monopoly from a national perspective.
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by dublinben on Tuesday September 26, 2023 @02:32PM
(#37663788)
That doesn't seem likely. According to this source, Frey Meyer (18.4%) + Safeway (17.3%) would be the clear market leader with over 35%, but there's still robust competition from Costco, Walmart, and others.
https://www.axios.com/local/seattle/2023/04/24/seattle-favor...
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by loeg on Tuesday September 26, 2023 @03:54PM
(#37664993)
Note that Fred Meyer (18.4) and QFC (14.1) are already both owned by Kroger. So that would be 49.8% post-merger, per those figures.
These figures seem to be for the Seattle metro rather than the city itself. Costco might be a competitor in some sense but it doesn't serve the area I live -- the nearest one is a 45 minute drive away. WinCos are even further away -- they serve some of the suburbs, but not the city of Seattle. Ditto Walmart. I've never heard of or seen Campeon. Whole Foods / PCC exist, but are expensive. Trader Joe's is fine but not really a full grocery store.
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by rendang on Tuesday September 26, 2023 @04:33PM
(#37665451)
With the remainder being made up of Trader Joe's and ...
... Amazon
Albertsons owns: Acme Markets, Safeway, Haggen, Jewel-Osco, Kings, Pavilions, Plated, Randalls, Shaw's, Tom Thumb, United Supermarkets, and Vons
Kroger owns: Baker's, City Market, Dillons, Food 4 Less, Foods Co., Fred Meyer, Fry's, Gerbes, Harris Teeter, JayC, King Soopers, Kroger, Mariano's, Metro Market, Pay Less, Pick 'n Save, QFC, Ralphs, Ruler Foods, Smith's
And now Albertsons and Kroger are merging together into one gigantic holy-shit mega corp.