business news in context, analysis with attitude

  • Wal-Mart was cleared by a federal judge to acquire Supermercados Amigo in Puerto Rico for $225 million, less than a month after the government there tried to block the purchase.

    Puerto Rico's justice department tried to argue that Wal-Mart’s purchase of the company violated the island's antitrust laws, even after the US Federal Trade Commission (FTC) approved it.

    However, Puerto Rico officials said they plan to appeal the decision.

KC's View:
There’s no way we can see Wal-Mart losing this case. None.

It smacks of the kind of protectionism that so many retailers would like to exist, but that simply cannot in a free economy.

Retailers that expect legislation or judicial decisions to protect them from Wal-Mart ought to think again. It is time to stop bellyaching and start competing.