Kroger - Albertsons/Safeway merger

Gunnihunter

Gunnihunter

Active Member
Messages
898
This is probably the only thing I agree with Bernie Sanders about. The Kroger / Albertsons merger is a terrible idea. It will adversely affect customers, employees, suppliers, equipment manufacturers, and communities. Corporate executives and stockholders will do well, but that is about it.
 
Not enough attention being paid to monopolistic corporation strategies these days. As long as there is sufficient competition……. to guarantee consumer choice of free market vendors, let them merge, if there isn’t, it becomes no different than having to purchase goods from a socialist government.
 
2lumpy said:
Not enough attention being paid to monopolistic corporation strategies these days. As long as there is sufficient competition……. to guarantee consumer choice of free market vendors, let them merge, if there isn’t, it becomes no different than having to purchase goods from a socialist government.
Click to expand...
bingo
 
Big business has pretty much purchased fundamental capitalism. We still call it capitalism but what were dealing with today is a far cry from the original concept. We still call it capitalism because it’s too scary to admit it’s nothing close to free enterprise. Actual it’s basically not a lot different than modern day Feudalism. If not that, then it’s a bastardized oligarchy.
 
LIK2HNT said:
Capitalism is one thing and what makes this country great. But, greedy Capitalism is something else.
Click to expand...
2lumpy said:
Big business has pretty much purchased fundamental capitalism. We still call it capitalism but what were dealing with today is a far cry from the original concept. We still call it capitalism because it’s too scary to admit it’s nothing close to free enterprise. Actual it’s basically not a lot different than modern day Feudalism. If not that, then it’s a bastardized oligarchy.
Click to expand...

These two posts are "spot on".
 
More companies are buying competitors and then control the market of supply and demand. Look at Hoghdon and them buying competitors. Blackhorn 209 has doubled in price. Once you own most of that market supply you can kiss away competitive pricing as long as the demand stays consistent. People need grocery stores and the less competition the prices will increase. Albertsons Bought Safeway seven years or so ago as well eliminating that competitor. Kroger is just taking the next step.
 
DH56 said:
More companies are buying competitors and then control the market of supply and demand. Look at Hoghdon and them buying competitors. Blackhorn 209 has doubled in price. Once you own most of that market supply you can kiss away competitive pricing as long as the demand stays consistent. People need grocery stores and the less competition the prices will increase. Albertsons Bought Safeway seven years or so ago as well eliminating that competitor. Kroger is just taking the next step.
Click to expand...

And all the while a wretched good-for-nothing CEO goes to the bank laughing all the way.

American way my foot...
 
Who are the biggest investors in Kroger?

The Vanguard Group, Inc.80,827,11711.33,488,498,370
BlackRock, Inc.65,628,4059.172,832,521,960
Berkshire Hathaway Inc.52,437,2957.332,263,193,652
 
Apparently there’s a bunch of well to do folks that believe there’s good money in selling food……… who’d a thought?
 
roadrunner said:
And all the while a wretched good-for-nothing CEO goes to the bank laughing all the way.

American way my foot...
Click to expand...

Yep and today I went with the wife to pick up some groceries for the MIL and it wasn't a Kroger. Eggs- $4.99-$7.99 a dozen!!! Couple years ago, you could have bought a dozen for around $1.29 or cheaper. I'm thinking to buy some chickens.

She likes to drink a Coke now and then too. Two years ago or so, I could get her 4 12 packs for $12.99 on sale. Regular price was $3.99. Today $7.49 a 12 pack and they rarely go one sale and no where near the $12.99.

Thanks Brandon, were screwed.
 
You guys would be shocked at the profit margin on groceries.

I know we see CEO salaries, or whatever, but a 1.5% margin is not world killing.

Kroger has been scared of Walmart forever. Walmart of Amazon.

Reality is, very few shop at farmers stands, or local butchers.

Real reality, Kroger has the best produce selection of any grocer, and has produce year round, not seasonal.

Yeah, consolidated markets suck, but Walmart parking lot is full daily, so few actually put their money where their mouths are, Kroger either competes, it dies.

Btw, the local Kroger warehouse is paying over $25hr to start, last week they hired 34 "pickers". Pays a lot better than McDonalds
 
My wife goes to Safeway which was bought by Albertson's which was bought by Kroger. It's a nice clean store that rich people shop. If you spend hours a week clicking on the specials on the computer, they have some deals. ("$1.00 off if you buy 4 or more" type deals). Then after you click on it and get home, it didn't go through, and you paid the high price anyway.

I go to Winco with the rest of the tight wad low life's because I fit right in. The price you see is the price you pay, and I'll bag my own groceries.

I noticed Kroger has over 700,000 employees.
 
DH56 said:
Yep and today I went with the wife to pick up some groceries for the MIL and it wasn't a Kroger. Eggs- $4.99-$7.99 a dozen!!! Couple years ago, you could have bought a dozen for around $1.29 or cheaper. I'm thinking to buy some chickens.

She likes to drink a Coke now and then too. Two years ago or so, I could get her 4 12 packs for $12.99 on sale. Regular price was $3.99. Today $7.49 a 12 pack and they rarely go one sale and no where near the $12.99.

Thanks Brandon, were screwed.
Click to expand...

Eggs here are $3.39 per dozen at Kroger and before the Pandemic they were $1.29. The avian flu has killed 10% of the hens or so I’ve heard. I think it takes five or six months for a hen to get old enough to lay eggs. So maybe they will come back down.
 
We don’t have an Albertsons’ near me , the two big grocery stores are Kroger and Walmart.

We buy meat, fruits and vegetable at Kroger. But if you want a box of cornflakes Walmart will be 25% cheaper.
 
I don't have to buy eggs and I rarely buy meat. We grow plenty of vegetables and can when the growing season is done. You can offset a lot of your food if you take the time and prepare. I'm sure some on here were the ones wiping their a$! with paper towels when Wal-mart ran dry. People need to be a little more self-sufficient. Who's at fault?
 
grosventrehunter said:
I don't have to buy eggs and I rarely buy meat. We grow plenty of vegetables and can when the growing season is done. You can offset a lot of your food if you take the time and prepare. I'm sure some on here were the ones wiping their a$! with paper towels when Wal-mart ran dry. People need to be a little more self-sufficient. Who's at fault?
Click to expand...
You’re all set for the apocalypse. ?
 
grosventrehunter said:
I don't have to buy eggs and I rarely buy meat. We grow plenty of vegetables and can when the growing season is done. You can offset a lot of your food if you take the time and prepare. I'm sure some on here were the ones wiping their a$! with paper towels when Wal-mart ran dry. People need to be a little more self-sufficient. Who's at fault?
Click to expand...

Wipe your ass with a blue paper shop towel, you'll never go back to Charmin
 
grosventrehunter said:
I don't have to buy eggs and I rarely buy meat. We grow plenty of vegetables and can when the growing season is done. You can offset a lot of your food if you take the time and prepare. I'm sure some on here were the ones wiping their a$! with paper towels when Wal-mart ran dry. People need to be a little more self-sufficient. Who's at fault?
Click to expand...
People do need more self sufficiency. I don’t buy eggs funny all the people who don’t prepare at work asked real quick. I used to laugh about growing a garden. One of the best things my wife and I learned. But you’re wrong on this being American that isn’t capitalism that’s chroni-capitalism Kroger did nothing to build Albertsons neither did those 3 fu#kbag investing groups. Competition and innovation are American and keeps prices in check. I work for a small to midsize business and I sell Albertsons conveyor belt. Kroger will screw that over with their corporate buying power and our corporate competitors will have all that belt business. But oh well cause where we outshine the corporate business is our project building and belt splicing capability. It just sucks because the relationships you build get wrecked by corporate goons. You wanna see American values in business go look at 1st phorm in St Louis that’s the direction business should be heading in America. Their culture, facility, customer service and vision is the road map of how business should be done.
 

Click-a-Pic ... Details & Bigger Photos

Member Gallery Photos and Videos!

D67319C7-E09C-4A80-8047-4C37781876C9.jpeg
elk3.jpg
2FB66482-CEB8-4A08-ADC8-317C08963E2F.jpeg
77A8CECC-88B3-4F3A-B371-B04F3590598E.jpeg
C4401A57-DB9D-45E0-95AC-0C33EC25A0C8.jpeg
[000138].jpg
STC951387.jpg
2AF5D604-8634-44C7-AD78-7BFFF06BBA42.jpeg
016-1.JPG
68F88CEB-6353-46CB-8EED-EA835DC709C6.jpeg
2022 Mule Deer 18.jpg
Big Buck 1.jpg
Back
Top Bottom