Kroger Co. shares are up 4.2% in Thursday premarket trading after reports that the grocer is in talks to partner with online retailer Alibaba Group Holding Ltd. . Alibaba, like Amazon.com Inc. operates stores that don’t have queues or cashiers. Kroger executives met with Alibaba in China and there’s already a report of a deal across both online and off-line channels, according to The New York Post. Kroger shares are down 12% for the past year while Alibaba’s shares have climbed 88% for the period. The S&P 500 index is up 23.5% for the last 12 months.
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