Senator Warren wages war on Grocery Store.
The Senator is at it again. First it was banks, now it’s grocery store chains. She claims they’re too big. they need to be broken up. Obvious she didn’t do her homework. There are over 63,000 Supermarkets and grocery stores. One in particular makes too much money. Now she thinks that if made smaller it would make prices go down.
She doesn’t understand the grocery business. Grocery stores operate on some of the smallest profit margins of any business out there. Theirs is a volume business, not a profit-margin business.
Additionally, once you understand that grocery stores are a volume business, you understand why their profits exploded during the third quarter of 2021. That’s when omicron hit. That’s when people started stockpiling groceries again. Also, Because of the virus, fewer people are going out to eat, which means they are eating at home, which means they are buying more groceries. Is that so hard to understand?
As far as price gauging? The smaller the store, the higher the prices. I have five grocery stores in a five mile circle. Plus Walmart, Sam’s Club, and Target. Don’t think I would need anymore competition.
https://www.breitbart.com/politics/2022/01/12/nolte-elizabeth-warren-launches-another-fact-free-attack-on-grocery-stores/