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A group of lawmakers is urging the FTC to reinvigorate enforcement of the Robinson-Patman Act, a Roosevelt-era wholesale pricing statute that fell out of use in the 1970s, to help small businesses and stem the power of dominant grocery chains. https://t.co/lIDxuFagAv https://t.co/hGc7lUfnyV
The FTC said it was looking into supply chain disruptions. https://t.co/IvGcds9GhK
Fair or foul? Report finds grocery stores might've padded profits under cover of inflation https://t.co/gBm8s1KxRN
Lawmakers are urging the US Federal Trade Commission to enforce the Robinson-Patman Act after a report revealed that large retailers increased profits during the Covid-19 pandemic and maintained high prices. The report found that some grocers may have taken advantage of inflation and supply chain disruptions to boost profits.
