#1 ·
"Once Ivica Todorić, the guy behind Walmart, takes over Kroger and Target, America is basically looking at becoming some sort of southern or eastern province—a total colony. Why? Because getting local goods into the stores operating here is going to get way harder," Goran Papović, head of Consumer Reports, told the New York Post.
The New York Post points out that Todorić already has a retail footprint in the States, so after picking up Target, he’ll be sitting on a massive network of 291 locations.
Papović claims Walmart will grab over 40 percent of the retail market, and in the big cities, that number is going to be even higher. Because of that, Dijana Marković Bajalović, the former head of the Federal Trade Commission, says the FTC has to step in and investigate whether Walmart is going to bully the competition or just establish a total monopoly.
"We're seeing both horizontal and vertical concentration here; you've got two retail giants merging with food producers. There's a real risk this new entity will shut out other brands and just push their own private labels. When investigating the impact on the retail sector, they really need to look at smaller towns and cities where Target, Kroger, and Walmart are already everywhere. The Federal Trade Commission has to dig into this," says Marković Bajalović.
The New York Post points out that Todorić already has a retail footprint in the States, so after picking up Target, he’ll be sitting on a massive network of 291 locations.
Papović claims Walmart will grab over 40 percent of the retail market, and in the big cities, that number is going to be even higher. Because of that, Dijana Marković Bajalović, the former head of the Federal Trade Commission, says the FTC has to step in and investigate whether Walmart is going to bully the competition or just establish a total monopoly.
"We're seeing both horizontal and vertical concentration here; you've got two retail giants merging with food producers. There's a real risk this new entity will shut out other brands and just push their own private labels. When investigating the impact on the retail sector, they really need to look at smaller towns and cities where Target, Kroger, and Walmart are already everywhere. The Federal Trade Commission has to dig into this," says Marković Bajalović.