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The Great Grocery Race Shifts Into High Gear

PYMNTS

For food, they want to see the brands and the products and confirm they will be fresh and quality. Kroger released its Q2 earnings this week, and the market did not love what it saw. Ever since Amazon acquired Whole Foods Market , Kroger has been in reinvention mode, launching new services to match the eCommerce giant.

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Grocery Tracker: 7-Eleven Eyes 10K U.S. Stores

PYMNTS

Investor optimism in spite of the news perhaps indicates faith in the cost-cutting measures Whole Foods has pursued, along with boosting its less-expensive 365 brand. based brands, and less dramatic than Whole Foods’ rise. WFM is up 1.2 percent in 2017. Friday morning trading saw KR stock up 0.75 percent to $29.73.

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