Kroger and the Future of Grocery
Kroger wants Ocado’s help because its revenues are shrinking. Specifically, Kroger reports revenues of $121.162 billion for 2018. That number is down from $122.662 billion in 2017.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Kroger wants Ocado’s help because its revenues are shrinking. Specifically, Kroger reports revenues of $121.162 billion for 2018. That number is down from $122.662 billion in 2017.
Read MoreIf you are looking for a bargain in the retail sphere Kroger is certainly worth a look. Unfortunately it’s a stock that is likely to remain underpriced until food and/or fuel prices increase substantially. Since I don’t expect that to happen any time soon, expect Kroger share price to remain low for the foreseeable future no matter what Amazon does.
Read MoreThis makes Kroger a value investment as in values with a capital V; it treats its employees well. The management works for everybody’s benefit rather than to line their own pockets.
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