NEW YORK, Reuters The U.S. Federal Trade Commission recommended Thursday that policymakers look further into profits at grocery store operators that remain elevated since the pandemic and promotions that consumer products makers offer retailers.
The FTC also is suing to block Kroger39;s acquisition of smaller grocery store rival Albertsons, citing concerns the deal would hike prices for millions of Americans.
The FTC launched the study in 2021 when it ordered Walmart, Kroger, Procter Gamble, grocery wholesalers and others to turn over detailed information relating to the supply chain crisis during the pandemic, which contributed to doubledigit price increases on household necessities.
Big box and chain stores secured limited resources, leaving small independent grocers at a disadvantage, FTC Chair Lina Khan said on a public call to discuss the report. This harmed communities reliant on these smaller retailers and could have also strengthened market dominance of larger corporations, she added.
If we end up finding that these types of practices violated any of the antitrust laws including the Robinson Patman act, I39;ll be very interested in making sure we take swift action, she said without providing details.
The RobinsonPatman Act of 1936 is a U.S. antitrust law preventing large franchises and chains from engaging in price discrimination against small businesses.
Several representatives of smaller grocery operators spoke on the call saying that during the…