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Kroger still down from Amazon’s sucker punch but could make run at Whole Foods

Kroger still down from Amazon’s sucker punch but could make run at Whole Foods

614now Staff

There’s no disputing that Amazon is killing traditional grocers, slowly but surely. But neither Kroger, Wal-Mart, nor Target are down for the count just yet.

Amazon plans to purchase Whole Foods Market for $13.7–putting its stock at $42– but some analysts believe someone else could raise them. These smaller grocery stores have too much to lose by not bidding. Even if they don’t actually land Whole Foods, they could at least make offers, forcing Amazon to pay more.

This is all just speculation but what we know for sure is that Kroger is hurting since Amazon’s big Whole Foods takeover announcement. Its stocks are tumbling and they’re losing market value hand over fist.

We love a good comeback story so c’mon Kroger! Go get ’em!

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