Kroger Is Making Big Moves in E-Commerce [The Motley Fool]
Overstock.com, Inc. (OSTK)
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Source: The Motley Fool
The supermarket chain is gradually beefing up its online capabilities, even though the market refuses to give it credit. Kroger ( NYSE:KR ) has been no stranger to merger and acquisition rumors this year. Earlier, it made an unsuccessful bid for Boxed, the buy-in-bulk e-commerce service that's seen as a Costco challenger. The supermarket giant was also said to be considering a takeover of Overstock.com or a strategic tie-up with Alibaba , but neither of those ever came to fruition either. Other sources said Kroger could even merge with Target , though that also proved to be unfounded. Now, it seems Kroger has finally found a pair of dance partners in its quest to return to sustainable profit growth and become a leader in online grocery retail. Image source: Getty Images. Going across the pond Last week, Kroger, the biggest traditional supermarket chain in the country, said it would partner with U.K-based Ocado , the world's biggest dedicated o
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