Congratulations for those who took my advice and bought. This is due to short sellers having to cover due to their over-leveraging shorts of stocks like GameStop bed bath beyond. You should definitely be selling out and not buying as Kroger is overvalued.
Kroger stock is overpriced and the company has a questionable long-term because their pricing is really not competitive with their rivals like Walmart and Aldi.
Look for Kroger stock to begin to slowly head downhill in the next two years, especially if the new administration is able to push their corporate tax increase through the U.S. Cogress.
Look for Kroger stock to begin to slowly head downhill in the next two years, especially if the new administration is able to push their corporate tax increase through the U.S. Cogress.
With department heads and backups jumping ship or thinking of jumping ship clearly over valued. Corporate keeps pushing the the possible line to the impossible side there is no coming back when you lose the experienced and people that cared about the department. Just a matter of time until amazon buys up kroger and changes them into shipping distribution centers
Seeing how retail other than grocery is struggling, seeing how incompetently the stores are run, and the ocean of technological debt Kroger is drowning in, it's amazing that Kroger is as successful as it is.
It's only a matter of time until Amazon bankrupts them. I'm kind of surprised they are taking so long.
Aldi, Walmart and others will bury them long before Amazon, because most consumers still prefer to view the produce, meat and other fresh foods prior to purchase. The major issue for Kroger is that their pricing is considerably higher than their competitors, and word of this is spreading in the current floundering economy. One ray of hope for Kroger is that the rise in the minimum wage may level the playing field for labor costs somewhat, but their reliance on union labor will probably always make substantial profit margins more problematic for them to maintain as compared to their mostly non-union competitors.
Kroger ads are on television and radio incessantly, which they obviously hope will increase profits, but this marketing is very costly as well. When was the last time that you saw or heard a Walmart ad (rarely) or Aldi ad (never) and yet they seem to be doing very well. Could this be a contributor, along with "free" gas, etc., to the high prices at Kroger? Food for thought.
Kroger ads are on television and radio incessantly, which they obviously hope will increase profits, but this marketing is very costly as well. When was the last time that you saw or heard a Walmart ad (rarely) or Aldi ad (never) and yet they seem to be doing very well. Could this be a contributor, along with "free" gas, etc., to the high prices at Kroger? Food for thought.
Yes, absolutely. Kroger Corp doesn't seem to understand that spending millions upon millions of dollars for these stupid dumb Kroji ads (doing that ignorant "dance" that makes me want to vomit) isn't going to impress everybody. Well, maybe it does impress some people, but not all.
The fact is that everybody has to eat. They have to shop SOMEWHERE, at least for non-food items even if they eat out every day of the week. Good products, good service, low prices will sell themselves..... word of mouth does wonders. Aldis is good at what they do. They have plenty of business.
You don't need to spend millions of dollars on stupid advertising when, if stores just would do the basics..... do a good job and let their reputations (thus, word of mouth advertising) do the work for them, business will be up and gobs of money is saved.
But, NOOOOOOOO........ Kroger wanted to spend 40 million dollars on these idiotic Krojis and what have we got? More hassles, less hours, more work, more wasteful paperwork and signage, more headaches, more stress, more nasty-attitude customers.
