Kroger hammered on Amazon grocery-store report

Weis Markets

01/03/2019 17:56

**Kroger  KR.N  shares dropping sharply in Fri afternoon
trading, last down 3.6 pct to $28.28
    ** Amazon  AMZN.O  planning to open dozens of grocery stores
in several major U.S. cities, Wall Street Journal reports https://www.wsj.com/articles/amazon-to-launch-new-grocery-store-business-sources-say-11551461887?mod=searchresults&page=1&pos=1,
 citing unnamed sources
    ** Kroger shares drop as low as $27.44 during the session,
as volume picks up
    ** Sprouts Farmers Market  SFM.O  shares also drop, last
down 1.5 pct
    ** Walmart  WMT.N  shares also drop, last down 1.0 pct,
while BJ's Wholesale Club  BJ.N  shares also fall
    ** Amazon shares up 1.3 pct on the day
    ** YTD, KR shares up about 3 pct vs 6.5 pct rise for S&P 500
consumer staples index  .SPLRCS 

 ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters
Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net,
Twitter: @LKrauskopf))