Wow. Their core customer base is people with food stamps??
They are profiting from the war on poverty aren’t they?
WM does seem to be a very strong competitor on price in the food business. So EBT customers are acting rationally by going there rather than higher priced unionized food stores.
Which supermarket doesn’t take food stamps?
With 50,000,000 people on food stamps, the core customer for everyone in the food business, outside of Ruth’s Chris steak House, is food stamp recipients.
Per the census, there are approximately 115,226,802 households in the United states 49,900,000 on food stamps and approximately 313,000,000 million people, give or take ten to twenty illegals. @ 2.6 people per households that is almost 19.2 million households food stamp dependent. That is i in six. ONE IN SIX.
SNAP benefits cost $76.4 billion in fiscal year 2013. Almost $80 billion for ONE Federal food program. Lots of money in poverty.