Five days ago, Kroger−the largest U.S. supermarket chain by revenue and the second-largest retailer (behind Walmart)−saw its stock tumble to its largest one-day loss since 1999 after its same-store sales dropped for the second consecutive quarter.
The interesting point here is the decline comes after seven straight years of continuous growth, and Kroger’s performance the past two quarters comes amid heated price competition in the grocery industry, including German-based Aldi and its rival Lidl.
Walmart, Whole Foods,....