Jim Cramer explains why he thinks Costco has an advantage Kroger is vulnerable as Amazon explores a new supermarket concept.
Amazon has plans to make another big splash in the grocery industry and Costco may be the only company prepared to defend its market share, CNBC's Jim Cramer said Monday.
"Now I did some digging over the weekend and ... I now feel pretty confident to say Amazon will be making a major, major push into the supermarket space probably sooner rather than later," he said."My sources suggest that Amazon's expansion here may be much more significant than what we initially thought after reading that [Wall Street] Journal article."
To make matters worse, Kroger could be investing $3 billion into its business this year that will cut into earnings, the host said.
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