Ocado upbeat on Kroger relationship despite management change
1. Ocado expresses confidence in Kroger's e-commerce growth plans. 2. Kroger's recent management change won't deter its online strategy.
FAQ
Why Bullish?
If Kroger expands its e-commerce business, it could significantly increase sales. Historical growth in online grocery shopping supports positive sentiment.
How important is it?
The strategic focus on e-commerce aligns with market trends indicating a shift in grocery shopping habits. This could enhance Kroger’s competitive edge.
Why Long Term?
E-commerce growth is a sustained trend; investments will yield benefits over multiple years. Past expansions by competitors often resulted in increased market share over time.