Monday, March 19, 2018

Supermarket Bankruptcies Are Beginning to Pile Up

Bloomberg

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 U.S., 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 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