Report: Walmart monopolizes grocery market in some areas
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.
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