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Amazon.com, Inc. Message Board

  • ex.goldbug ex.goldbug Jun 30, 2013 3:20 PM Flag

    Numerous failure in online grocery deliveries

    Albertsons tried it. Wal-mart. Buying groceries online seems like a stoopit idea, or one that will yield meagre profits. What am I missing?

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    • Nothing. They will probably lose millions of dollars but wall street will say, but the revenue grew. Why this stock keeps going up is because mutual fund managers somehow love it. the reality is that they don't make much money and probably never will. Sales growth is slowing. Groceries is a desperate attempt to grow revenue. The only ones who make money in groceries are companies like whole foods that mark up the price a lot because it's organic or fresh.

 
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