Amazon announced a major grocery expansion, enabling tens of millions of Prime members to add perishable groceries to its same-day selection with fast, free delivery. U.S. grocer stocks fell on the news.
- Perishables added to Amazon’s same-day offering for Prime members.
- Rollout targets “tens of millions” of eligible customers.
- U.S. grocer shares declined following the announcement.
- Walmart down 2%; Maplebear (Instacart) down 11%.
Relevant Companies
- AMZN – Expanding same-day grocery delivery to Prime members.
- WMT – Shares fell 2% after Amazon’s announcement.
- CART – Instacart parent; shares dropped 11% on competitive pressure.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
