this post was submitted on 28 Jun 2023
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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.