Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Hi Fellow Fools,

I'm not ready to put this one in Amazon's column just yet, but it does present Kroger with an interesting set issues:

When The Kroger Co. (NYSE:KR) reported its recent financial results, increased competition and a decrease in same-store sales were already taking a toll. This forced the grocer to lower its profit forecast for the year by 10%. The company's stock fell 19% on its lackluster performance and reduced guidance -- then, Inc. (NASDAQ:AMZN) announced it would buy organic grocer Whole Foods Market, Inc. (NASDAQ:WFM). Kroger stock fell another 9%, to levels not seen in more than three years.

The news sent shockwaves through the grocery industry, sparking a wholesale sell-off in all the major players. Kroger, as the leading grocer in the U.S., has the most to lose. Amazon, an e-commerce powerhouse, has disrupted a large swath of the retail industry and has been testing the waters in the grocery industry for nearly a decade with its Amazon Fresh and Amazon Pantry concepts, and its concept store without checkout lines.

Phoenix 1 Contributor
All of TMFLifeIsGood’s holdings are listed here:
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.