Grocers Association warns of market consolidation in grocery industry
1 report, 1 independent
Updated Wed 00:00
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What happened
Greg Ferrara, representing the National Grocers Association, spoke to Fox Business about industry trends. Ferrara warned that independent grocers are facing mounting pressure from national retailers in an increasingly consolidated industry. He stated that without free markets, the country could eventually be served by only five or six national chains.
From foxbusiness.com
Why it matters
Ferrara noted that independent stores struggle to obtain the same products, promotions, and purchasing terms available to the largest national retailers. He warned that this trend is detrimental to communities and consumers.
From foxbusiness.com
Who's involved
- FerraraPresident and CEO of the National Grocers Association, speaking on industry trends