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Behind America's Grocer: A Look Back at Kroger's History

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Kroger's  (KR) - Get Free Report stock tumbled after reporting worse-than-expected earnings for its 2018 fourth quarter and fiscal year.

The grocer's shares fell 12 percent - erasing about $2.8 billion in market value.

The report is certainly disappointing, but the damage is reverberating through the charts. To put it simply, the technical damage in Kroger is notable.

How Kroger's Got It's Start

Here's a look at the popular label's history when Barney Kroger decided to invest his life savings in a grocery store in 1883. Later, he renamed it to Kroger Grocery in 1902.

His innovative ideas took his business to the next level, selling bread and other staples in the supermarket, which became a big hit.

Kroger became one of the largest supermarkets in the country but now the company struggles to compete against retail giants like Walmart (WMT) - Get Free Report and Amazon (AMZN) - Get Free Report .

Bottom line ... is it a safe stock to buy or one to avoid? 

Related. Kroger Wilts as Disappointing Results Affirm Weakness in Its Charts

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