It makes sense that struggling grocery store chain Kroger (KR) is reportedly kicking middle managers to the curb to cut costs.
Because clearly, more people are shopping for food online — and probably at increasingly tech savvy supermarket giants Walmart (WMT) and Target (TGT). And of course, Amazon (AMZN) lingers as a major force in packaged food delivery.
PepsiCo (PEP) will hit an impressive $2 billion in sales done online this year, CEO Ramon Laguarta told Wall Street analysts on an earnings conference call Thursday. Many of the company’s big brands such as Gatorade and…………..