Amazon Doesn’t Need to Make Money on Groceries, Putting Pressure on Wal-Mart, Kroger - News Summed Up

Amazon Doesn’t Need to Make Money on Groceries, Putting Pressure on Wal-Mart, Kroger


Amazon.com Inc. will bring lower prices to its new Whole Foods Market Inc. division Monday. It also will bring a new rule book. While Amazon doesn’t need to make money from its grocery division yet, food sales are crucial for traditional players like Kroger Co., Wal-Mart Stores Inc. and Target Corp. The extremely competitive food-retail business demands high capital investments for low margins. Supermarkets’ success has mainly...


Source: Wall Street Journal August 27, 2017 22:53 UTC



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