Stop the Kroger-Albertsons mega-merger!
Petition to the Federal Trade Commission:
We urge you to thoroughly investigate supermarket giant Kroger’s proposed merger with Albertsons! A merger of the nation’s first- and fourth-largest supermarket companies is liable to enrich shareholders while harming virtually everyone else — particularly those communities most vulnerable to food deserts and grocery price-gouging.
Food Fresh is the only independent grocery store in a rural stretch of southeastern Georgia, and locals love it. Yet Food Fresh and other local grocery stores face an existential threat from supermarket giants like Kroger.1 And Kroger is trying to get even bigger.
Kroger is trying to merge with supermarket giant Albertsons, which would combine two of the nation’s five largest grocery chains and consolidate more than 5,000 grocery stores in 48 states under one behemoth corporation.2 Kroger-Albertsons would be a monopoly nightmare for consumers and workers. Prices at the grocery store would get even higher for the vast majority of Americans.
Sign the petition: The Federal Trade Commission must stop this Kroger-Albertsons mega-merger!
This grocery mega-merger would give Kroger-Albertsons way too much market power, and allow their executives to jack up prices at the expense of every shopper. This is corporate greed at the grocery store — where price-gouging is already wreaking havoc on Americans’ bank accounts.
The larger the supermarket corporation, the more control they have on the prices shoppers pay. Because of their already massive size, these corporations are also able to negotiate lower prices from distributors.3 Big companies like Kroger and Albertsons save money for themselves, charge higher prices for consumers, and put smaller competitors out of business.
While CEOs enjoy massive profits that go up and up, we suffer from grocery prices that go up and up. Antitrust laws exist to stop this corporate greed. The FTC must step in and protect Americans from even more out of control prices at the grocery store, and the impending Kroger-Albertsons mega-merger.
Tell the FTC to stop the Kroger-Albertsons supermarket monopoly to protect consumers!
Sources:
- New York Times, “The Real Reason Your Groceries Are Getting So Expensive,” May 29, 2023.
- The Street, “Kroger Vows Court Fight to Make Albertson's Merger Happen,” May 13, 2023.
- New York Times, “The Real Reason Your Groceries Are Getting So Expensive,” May 29, 2023.