this post was submitted on 28 Jun 2023
13 points (100.0% liked)
World News
22057 readers
161 users here now
Breaking news from around the world.
News that is American but has an international facet may also be posted here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
For US News, see the US News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I was thinking of the supermarket duopoly we have here in New Zealand were the two major players own 85% of the total market. So it might not be comparible to this type of store? Margins here are around 20% so that's coloured my read of this story. The obcene profits here are at the retailer and they pressure the wholesellers to reduce prices to where they can even exceed a 20% margin. We're definitly in a "It would be a shame if your product couldn't be found on our shelves" situation. They own everything from small country town stores to large city supermarkets.
...Ah. That's super shitty. I'm in a pretty small town--about 5000 people--but we still have three large grocery stores (if you count the WalMart as a grocery store), and a small, higher-end health food store. There's heavy competition, which keeps prices down, but also leads to wage stagnation for workers, and means that poor people get fucked by rising food prices.