Last quote about Kroger
All quotes about Kroger
They are serious about grocery. [Amazon] Go seems like an incredible step up from any kind of convenience store that I've ever seen.
I don't think there's a huge barrier toward a Kroger to set something like that up. Kroger is already far along on kind of the brick-and-mortar technology initiatives.
The technology has a lot of potential to really be game changing in the way people shop.
I'm sure Kroger will look at it.
Online grocery will take off this holiday season, with consumers buying more turkeys, cranberry sauce and stuffing online than ever, as a result of Wal-Mart, Kroger and others ramping up their e-grocery services.
An acquisition (of the divested assets) by a supermarket would be a substantial challenge because it's outside their normal area of expertise.
We expect continued deflation and tough year-over-year comparisons for the remainder of the year, and even into the first quarter.
(Kroger) did not drastically cut guidance which has probably provided some support.
The latest results at Kroger represent the most significant confirmation that the deflationary cycle is starting to impact margin performance for the sector overall.
The "price war of 2009/2010 carried on for three to four quarters before abating."
Given weaker-than-expected comps from several competitors who reported over the past six weeks (Sprouts, Smart & Final Stores, SuperValu, Whole Foods Market, Publix, just to name a few), investor expectations for Kroger have been reset lower.
In thinking about the cadence of our quarterly results compared to our long-term 8 percent to 11 percent guidance, we believe that the second quarter will be the toughest quarter, with slight growth over 2015.
One big issue with deflation is with lower prices it breeds more competition because you're trying to win traffic and you're being more promotional doing that.
The current landscape is now beginning to look a lot like 2009, when meaningful deflation resulted in an industry price war and multiple quarters of declining earnings. The "price war of 2009/2010 carried on for three to four quarters before abating.
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