3 Things Kroger Must Do to Compete With Amazon's Whole Foods
Kroger's (NYSE: KR) stock fell 26% in June following Amazon.com's (NASDAQ: AMZN) acquisition of Whole Foods, and it has yet to recover.
Investors are left wondering if the traditional grocer has what it takes to compete in an industry that the tech-savvy retail giant Amazon is taking by storm. Foot traffic at Whole Foods stores soared over 25% in the first two days after Amazon introduced discounted food prices in late August, as location intelligence company Foursquare told CNBC.
Kroger wasn't the only grocer that took a hit. Shares of Wal-Mart and Target (NYSE: TGT) also fell in mid-June, as investors feared these grocers that might turn into the new Macy's or Sears Holdings.
Source: Fool.com
Kroger Co. Stock
€49.84
-0.310%
With 17 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 54 € there is a slightly positive potential of 8.36% for Kroger Co. compared to the current price of 49.84 €.
