Kroger (KR) and Ocado plan Robotic Warehouse in Ohio
The technological unemployment jobs apocalypse is coming to Middle America. Kroger (KR) and Britain’s Ocado Group PLC (LSE: OCDO) will
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The technological unemployment jobs apocalypse is coming to Middle America. Kroger (KR) and Britain’s Ocado Group PLC (LSE: OCDO) will
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Over the past year, Kroger’s quarterly revenues grew from $41.298 billion on 30 April 2021. Plus, the quarterly gross profit grew from $9.351 billion and the quarterly operating income grew from $805 million on 30 April 2021.
I do not think Family Dollar, Dollar Tree, and other smaller brands can compete with Walmart and Amazon. To explain, Family Dollar and Dollar Tree lack the supply chain capacity to counter Amazon and Walmart.
Read MoreThus, Jeff Bezos’ actual genius is not in retail or discounting but in saving time. Consequently, Amazon Prime offers one stop shopping, delivery, music, and streaming video.
Read MoreI conclude that Kroger lacks the cash to buy back stocks. Frighteningly, Kroger could also lack the cash to pay a modest hero bonus to employees risking their lives.
Read MoreI think Campbell Soup is a poor value investment and a company that could collapse. Thus I advise investors to avoid Campbell Soup. Conversely, those who do not believe me could find Campbell Soup an interesting contrarian investment for the coronavirus age.
Read MoreBuffett is showing his contrarian views here by rejecting the conventional wisdom that Apple is the future and Kroger is the past. Additionally, Buffett is selling an expensive stock for cash. Mr. Market was paying $324.95 a share for Apple on 14 February 2020. I think Buffett thinks Mr. overprices Apple, and I agree.
Read MoreHence, the pundits do not understand ordinary Americans or their fears. Yang, however does and is touching a nerve.
Read MoreThe risks Kroger is taking are great, but those risks are far smaller than the gamble Jeff Bezos took on robots. Amazon proves the fulfillment center and robot strategy works.
Read More“The focus will be on learning from the technology and not implementing changes to operations in haste,” Walmart writes of the IRL. Thus, Walmart is committing to AI for the long-haul.
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