Analyst worries that Kroger comment will lead the grocer down the same path as Sears

in #kroger5 years ago

History has a way of repeating itself, or at least resembling what went before.

Sears Holding ended up in bankruptcy. Many attribute it to the decision to focus upon the online aspect of the business while the physical stores went downhill.

Now, one analyst is worried that Kroger might be making the same mistake. In a recent call, the CEO said that Kroger is moving away from a traditional grocer to a growth company. This after a 60% growth in online sales.

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This is my primary grocer. Time to make some changes and help them with their decision to self destruct.

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