This is how the grocery industry lives now.
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 U.S., are investing in technology and
expanding delivery as they try to fend off an incursion by Amazon.com Inc.
a bleak outlook for a sector that was supposed to be rebounding this
year. A historic bout of food deflation -- which fueled a price war in
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.. . . more