Amazon to expand same-day grocery service to 2,300 cities – sinking shares of rivals Walmart, Instacart
1. Amazon expands same-day grocery delivery to 2,300 cities, doubling current coverage. 2. Service is free for Prime members on orders over $25, boosting membership appeal. 3. Competitors like Walmart and Instacart see significant share price drops. 4. Amazon’s grocery expansion aims to attract budget-conscious consumers amid economic pressure. 5. Investment of $4 billion planned for rural delivery service by year-end.