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Amazon announces significant grocery expansion

Amazon.com (AMZN) announced customers in more than 1,000 cities and towns can now order groceries with their Same-Day Delivery orders, with plans to expand to over 2,300 across the U.S. by year-end. Amazon said: “This marks one of the most significant grocery expansions for Amazon as the company introduces thousands of perishable food items into its existing logistics network that is already optimized for speed and efficiency. Customers will have the option to order produce, dairy, meat, seafood, baked goods, and frozen foods, alongside the millions of items such as everyday household essentials, electronics, fashion, home and garden, and more already available for Same-Day Delivery on Amazon.com.” The Fly notes that shares of competitors Kroger (KR), Instacart (CART), Walmart (WMT), and Target (TGT) are lower ahead of the market open following Amazon’s announcement.

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