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