Retailers and supermarket chains are competing in a decisive battle over where consumers are going to to spend on groceries. Strategic Resource Group Managing Director Burt Flickinger joins Yahoo Finance Live to discuss Walmart's (WMT) dominance over smaller chain retailers, calling the momentum seen in its second-quarter earnings "unstoppable."
"There's a real need for Kroger and Albertson's to combine to be the first supermarket chain to have the size and the scale to compete with Walmart, Costco, Aldi's, Amazon," Flickinger says on the potential merger between supermarkets Kroger (KR) and Albertsons (ACI).
Flickinger contrasts Kroger's competitive food pricing and the support of its union workers to the growth of big-box retailers, calling the latter an enablement to "steamroll across America and crush co-op food retailers in the process."
