Report: Walmart monopolizes grocery market in some areas

BY Dan Berthiaume

A new analysis indicates Walmart is preventing grocery competition in many rural sections of the U.S., according to CNN.

A study from the non-profit Institute for Local Self-Reliance claims that Walmart controls a 70% or higher share of the grocery market in 38 regions of the U.S., and 50% or more of the grocery market in 43 metropolitan areas and 160 smaller markets.

The report recommends that Walmart, which has a roughly 20% share of the national grocery market, be forced to sell some stores to improve competition in the grocery sector. Walmart spokesperson Randy Hargrove offered a response to CNN.

“This flawed report ignores the fact that millions of Americans are able to enjoy access to quality fresh food at affordable prices because of Walmart,” said Hargrove.

Read the full article here.


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