When the deal was announced in mid-June, Costco stock fell off a cliff from $180 to $167 a share. Since then, Costco stock has just continued to slide lower. Amazon is cutting prices at America’s premier grocery story. The net result is increased traffic at Whole Foods and lower traffic at traditional grocers like Kroger Co (NYSE:KR), Sprouts Farmers Market Inc (NASDAQ:SFM), and Supervalu Inc. (NYSE:SVU).
About The Author
November 6, 2017
This Google engineer teaches his coworkers how to fly airplanes … and it’s changed his career in surprising ways
October 13, 2017
December 4, 2017