NEW YORK CITY — Amazon’s acquisition of Whole Foods didn’t come as much of a surprise to Kroger CEO Rodney McMullen.
“We assumed that at some point, Amazon was going to do something in the physical world,” McMullen told the CNBC anchor Sara Eisen at the National Retail Federation’s 2019 Big Show in Manhattan.
He said his company, which has a $22.39 billion market cap, had worked for years under the assumption that the online retail giant would either establish its own grocery business or acquire a retail chain. The latter happened in 2017 when Amazon gobbled up Whole Foods.
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