Shares of Instacart (CART) are moving lower after Amazon.com (AMZN) announced that its same-day perishable grocery delivery has expanded to over 2,300 cities. “This expanded offering is supported by continued innovation within Amazon’s Same-Day Delivery network designed to deliver more selection, faster-innovation that puts us on track to deliver at our fastest speeds ever for Prime members globally for the third year in a row,” Amazon said in a statement. “This summer, customers in areas of Seattle, Los Angeles, Dallas, Chicago, Miami, and New York City were enjoying fresh grocery delivery within hours. With this latest expansion, customers in areas of Boise, ID, Salt Lake City, UT, Fort Collins, CO, Omaha, NE, Sugar Land, TX, Des Moines, IA, Kennesaw, GA, Gaithersburg, MD, and more can now fold their grocery lists right into their Amazon orders,” it added. Shares of grocery delivery service Instacart are down 6%, or $2.68, to $43.53 in morning trading.
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