Entry in grocery retailing
November 19, 2007
About twenty years back there were a bunch of economists who were recommending more antitrust action against U.S. grocery retailers. One of the premises of the recommendation was that there were high entry barriers in grocery retailing. They said it was sooooo costly to enter, few firms could even think of it.
Well. A little firm named Wal-Mart entered and shook the industry to its core. Others, too. Here's a nice little report on the "bevy of new options" in L.A. grocery retailing.