BUZZ-Kroger down after report of price cut plans
Costco Wholesale
Kroger Co.
Amazon.com, Inc.
Walmart Inc.
Costco Wholesale COST | 0.00 | |
Kroger Co. KR | 0.00 | |
Amazon.com, Inc. AMZN | 0.00 | |
Walmart Inc. WMT | 0.00 |
** Shares of grocer Kroger KR.N fell 3% to $66.49
** KR's new CEO Greg Foran is looking at big price cuts in order to win back market share and take on competitors like Walmart WMT.O, Costco COST.O and Amazon.com AMZN.O - Bloomberg News reports
** Co is laying the groundwork for lower prices across product categories, according to the report
** As of last close, KR up ~10% YTD
