It is clearance season in the stock market’s grocery aisle, but investors should take another look at Kroger before leaving it on the shelf.
NYS Entity Status
NYS Filing Date
SEPTEMBER 29, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - GRAB & GO GROCERY CORP.
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Six months ago, Amazon caused fear for the long-term future of grocery store jobs with Amazon Go, its first experimental cashier-less grocery store.
But it was just one store. Amazon didn't have much of a presence in the real world. It's something to worry about but maybe not immediately.
On Friday, those concerns suddenly become a lot more tangible when Amazon announced that it had agreed to buy Whole Foods for $13.7 billion.
The acquisition solidifies Amazon's growing dominance in the grocery market, from delivery through Amazon Fresh to plans to revolutionize in-person grocery shopping. Owning Whole Foods will ingratiate Amazon even more into every aspect of its customers' lives—and in this case, the lives of especially high-income shoppers. Read more...More about Amazon, Grocery, Whole Foods, Automation, and Amazon Fresh