Supermarket Casualties Begin To Pile Up In the US In Amazon-Fuelled Battle
This is how the grocery industry lives now: regional chains are filing for bankruptcy, European-born discounters are expanding, forcing competitors to keep their own prices low, and Kroger Co. and Walmart, Inc. – the two largest grocers in the US – are investing in technology and expanding delivery as they try to fend off an incursion by Amazon.com, Inc.
It’s a bleak outlook for a sector that was supposed to be rebounding this year. A historic bout of food deflation, which fuelled a price war over the past two years, has ended, but efforts to sell more groceries online are gobbling up investment dollars, and some well-known names are crying uncle.
Southeastern Grocers, owner of the Winn-Dixie and Bi-Lo supermarket chains, filed for bankruptcy last week.
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