Personally, I think too many chain mergers. But I could be talking out of my ass and am just bitter at food costing me 50% more than it did just a few years ago.
When I was in Charlotte a month ago there were no Kroger’s but there was Harris Teeter, and I noticed the self checkout software looked the same as Kroger’s so I ran my Kroger ID and what do you know
Yep. And there are multiple chains under some of the other grocery store umbrellas too. A lot less of them than it seems
I live over here. Harris Teeter is a local/regional brand over here. There are no Krogers over here (that I am aware of). It is my understanding that Kroger bought HT.
I’m bitter about it, too, but wonder how much of it is gouging and how much of it is just the way it is. I’m sure their overhead has gone way up. I know mine has.
Honestly, if there’s one thing we’ve figured out how to do right, it’s create inexpensive, calorically dense, easy to prepare food with a long shelf life. Figuring how to make it not lead to obesity and insulin resistance would be nice.
I think it's a bit of everything. Overhead has gone up on basically everything. Salaries, benefits, insurance, utilities, shipping...etc but I believe some are still gouging a bit as well because they can.
Kind funny that the one food item P&G makes is Pringles, which only qualifies as food in the very loosest interpretation.
https://www.marketwatch.com/amp/sto...out-half-of-what-wall-street-expects-62674940 Compared to Jamie Dimon I’m a Neanderthal, but I’m reasonably well versed and am very much a nerd when it comes to reading about this stuff and I see it the same way. Simply put it’s hard to see a way out right now. Cutting rates any time soon would be disastrous, but we’re also hurtling towards a reality where not cutting rates would also be disastrous.