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The consolidation wave in US food retailing: a European perspective

The consolidation wave in US food retailing: a European perspective
The consolidation wave in US food retailing: a European perspective
This article assesses, from the perspective of a European academic, the intense wave of acquisition and merger driven consolidation that swept through the U.S. food retail industry during the late 1990s. It reviews the characteristics and causes of that consolidation wave, placing emphasis on the regulatory history of the industry, the consequences of its financial reengineering during the 1980s, and the link between Wal-Mart's entry into the industry and the consolidation wave. The article then assesses the extent to which a shift in regulatory policy and practice by the Federal Trade Commission at the very end of the decade may have altered the pattern and scale of consolidation in the industry. Finally, it considers the future landscape of U.S. food retail consolidation, debating the consequences for the consolidation process of the period of FTC regulatory tightening during 1999/2000 and the likely implications of a Bush administration appointee heading the FTC [EconLit Classifications: L810, L190, G340, L400]. © 2001 John Wiley & Sons, Inc.
489-513
Wrigley, N.
e8e2986a-fbf0-4b27-9eef-1b5e6a137805
Wrigley, N.
e8e2986a-fbf0-4b27-9eef-1b5e6a137805

Wrigley, N. (2001) The consolidation wave in US food retailing: a European perspective. Agribusiness, 17 (4), 489-513. (doi:10.1002/agr.1031).

Record type: Article

Abstract

This article assesses, from the perspective of a European academic, the intense wave of acquisition and merger driven consolidation that swept through the U.S. food retail industry during the late 1990s. It reviews the characteristics and causes of that consolidation wave, placing emphasis on the regulatory history of the industry, the consequences of its financial reengineering during the 1980s, and the link between Wal-Mart's entry into the industry and the consolidation wave. The article then assesses the extent to which a shift in regulatory policy and practice by the Federal Trade Commission at the very end of the decade may have altered the pattern and scale of consolidation in the industry. Finally, it considers the future landscape of U.S. food retail consolidation, debating the consequences for the consolidation process of the period of FTC regulatory tightening during 1999/2000 and the likely implications of a Bush administration appointee heading the FTC [EconLit Classifications: L810, L190, G340, L400]. © 2001 John Wiley & Sons, Inc.

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Published date: 2001

Identifiers

Local EPrints ID: 16394
URI: http://eprints.soton.ac.uk/id/eprint/16394
PURE UUID: 090f107b-b890-4292-8d6e-2d5c95d7be08
ORCID for N. Wrigley: ORCID iD orcid.org/0000-0002-3967-5668

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Date deposited: 04 Aug 2005
Last modified: 16 Mar 2024 02:38

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