Re:Conglomerates Didn’t Die, They Look Like Amazon
by ZoeZoeBee on Tuesday June 20, 2017 @01:24PM
(#14596518)
Wal-Mart is killing grocery stores, Wal-Mart's grocery accounts for almost 53 percent of overall revenue.
There has been a large amount of food deflation over the past few years, the nation's largest Grocer Kroger cites Wal-Mart as a large contributing factor to this. http://www.businessinsider.com/walmart-is-cutting-prices-201...
Grocers margins are already razor thin, have you been paying attention to Kroger's stock price
It's an interesting take. But it is also how many analysts thought that Walmart would kill grocery stores. I personally don't think that Amazon will fare much better than Walmart... shopping for groceries is fundamentally harder online, and Amazon hasn't demonstrated any magic that makes that easier.