Sounds like this will substantially decrease the value of some grocer chains and reduce their appeal for acquisition.
“Sounds like this will substantially decrease the value of some grocer chains and reduce their appeal for acquisition.”
The Law of Unintended Consequences says that stores currently operating at marginal profit, or no profit will file their paperwork as soon as they can. Seeing this, other stores outside the effected region will realize they will soon be in the thieves’ crosshairs. They will implement whatever measures they can, which may include closing as well.
One huge reason the economy was bad under Obama despite the massive quantitative easing was he seized GM and gave part of it to “the workers.” This caused people with money to invest to keep it in cash or overseas because the rules had been arbitrarily changed and no one knew when that would happen again and how it might affect them. The grocery law will be similar in that if the rules change it frightens business and investors and they’ll take their money and flee. Stupidity has consequences.