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22.08.25 - 01:00
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Walmart Still Undercuts Amazon On Food Prices As Last-Mile Grocery Race Intensifies (ZeroHedge)
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Walmart Still Undercuts Amazon On Food Prices As Last-Mile Grocery Race Intensifies
Amazon's big move to roll out same-day grocery delivery across 1,000 new cities - on track for 2,300 by year-end - puts Instacart and traditional grocery chains squarely in the crosshairs. But the real shocker isn't Amazon's new expanded reach; it's that Walmart still reigns supreme as the lowest-cost grocer, setting the stage for an intensifying last-mile grocery war.
News last week (read here) of Amazon expanding its same-day grocery delivery across a thousand more cities by the end of the year sent Instacart (CART) and DoorDash (DASH) shares tumbling. Goldman analysts forecast that millions of Prime members will flock to the service as it becomes available in their respective areas.
It's increasingly clear that the last-mile grocery battlefield in the U.S. is shaping up as a two-horse race between Amazon and Walmart. There are other players, but none with the scale or firepower to compete ...
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