Random Post 1

For my random post, I am focusing my topic on the recent changes in the food industry conglomerate. Earlier this week Albertsons a family friendly local market announced its merger with Rite Aid a local drug store. Growing up in Southern California, as a kid I still remember going to these places with my family. It astonishing how fast the food market is drastically changing. We are starting to see megastores and superstores taking over the grocery industry leaving local and smaller markets in the dust.

Walmart and Target are competitors who dominate the commercial products industry including local food and groceries. Being a superstore gives customers the advantage to shop for food while buying other household items all in one place. These conglomerates make it more logical to shop at their stores compared to local markets like Albertson, Ralphs, and Walgreens. It is interesting to see how local markets are beginning to merge with each other to compete against growing competitors.

Let’s take the next step forward, another large merger that perpetuated Albertsons is Amazon and Wholefoods Market. In my opinion, this particular merger pushed for Albertsons and Rite Aid to join together. In order to maintain high profits and revenues, Albertsons needed to acquire more products and brands to sell on their shelves. There is a domino effect in the market and Amazon was the first to go. It is not a big surprise to see Albertsons making strategic moves to maintain business. Amazon’s merger force all of their competitors to grow in order to stay competitive. They are starting to become a major conglomerate in multiple industries. Amazon started off with just selling online books in an e-commerce business to expanding into others markets like food and entertainment.

With megastores and fast delivery services, local markets are becoming the bottom of the barrel making it hard for them to survive in a vastly growing market. Amazon also starting to develop its own self-service store with no need for cashiers or associates to assist with purchases. Amazon Go is a new store that allows you to grab what you need and leave without having to wait in line. This is a huge game changer for the market. This amazing innovative idea will have a major impact on our economy once they start expanding, leaving the future of local grocery stores unknown.