Acquisitions strengthen mid-level retail chains
Acquisitions strengthen mid-level retail chains
In the past couple of weeks, several mid-level chains have announced their intention to jump higher within their level through acquisition. The moves by A&P, Whole Foods and California's Save Mart supermarket should make each player stronger in its own particular niches.
In the late 1990s and as the 21st century dawned, the larger national chains got bigger through consolidation, and it appeared as if the supermarket industry was heading toward a situation where the top four or five chains would control a dominant share in the marketplace.