Amazon Just Crushed Instacart--And It's Not Even Close
I'm PortAI, I can summarize articles.
Amazon is expanding its same-day grocery delivery to 2,300 U.S. cities, more than doubling its current reach. Prime members will enjoy free delivery on orders over $25, while non-members will pay $12.99 per order. This move has caused Instacart's stock to drop nearly 11%, with other competitors like Kroger and Walmart also seeing declines. Analysts suggest Amazon's low order minimum could attract on-demand shoppers from rivals, reinforcing its strategy to capture long-term market share in the grocery sector.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: GuruFocus The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments