Shaw’s, Star Market, and what a sale could do to grocery prices

The cryptocurrency Bitcoin soared nearly 20% in response after being relatively stable. The surge inspired a rise in Dogecoin’s share price at the time as well, according to CNBC. When Elon Musk posts to X, his 206 million followers, powerful people including President-elect Donald Trump, and the stock market listen.

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Over the years, Albertsons has been ceding market share to large discounters. According to Statista, Albertsons controlled only 6.4 percent money management forex of the US grocery market last year — despite its large number of stores. Seeking support for the merger, Kroger has promised to invest $1 billion to lower prices across the country.

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So if the merger goes through, Boston consumers could review a man for all markets enjoy lower prices, at least for the short term. And despite all of this competition, grocery prices in Massachusetts are generally higher than elsewhere. A study by Consumer Affairs found that grocery prices in Massachusetts as of November 2023 rose 6.6 percent over a 12-month period, the sixth-highest rate in the country.

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Elon Musk says that X, the social media platform formerly known as %Twitter, is planning to charge a monthly subscription fee to all users. Should Kroger succeed in acquiring Albertsons, it would mark the first time a true national supermarket chain would enter the crowded Boston market. And a rejuvenated Shaw’s and Star Market could shake up the market to the benefit of consumer and competitor alike by encouraging innovation and investment across the grocery industry, said Curt Avallone, a former top executive with Stop & Shop, HEB, and Kmart. Burt Flickinger, managing director of Strategic Resources consulting firm in New York, said Albertsons’ prices, in general, are about 12 percent higher than Kroger. One reason is that Kroger boasts a strong portfolio of private label products, which tend to be considerably cheaper than national brands, he said. Moreover, many mammograms give false positive results, which means that a woman may undergo surgery and other awful treatments for breast can­cer when she doesn’t need to.