Should Grocery Companies Be Worried About Amazon Fresh?

Bloomberg is reporting that Amazon (NASDAQ: AMZN), the king of e-commerce, is getting more aggressive with its physical retail investments. Sources told the news outlet the company plans to open 28 new Amazon Fresh stores across the U.S. this year, adding to its 11 current locations. Amazon Fresh is a supermarket concept that, according to the company, offers high-quality food at low prices with an integrated offline and online experience.
Should investors in grocery companies like Kroger (NYSE: KR), Walmart (NYSE: WMT), and Sprouts Farmers Market (NASDAQ: SFM) be worried about Amazon’s new brick-and-mortar venture? Let’s take a look.
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