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Amazon Prime casts a large shadow in grocery sector

Published 05/16/2018, 01:25 PM
© Reuters.  Amazon Prime casts a large shadow in grocery sector
AMZN
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WMT
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KR
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TGT
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SVU
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DLTR
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CASY
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IMKTA
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  • The grocery store sector is on alert as new discounts from Amazon (AMZN +0.8%) aim high and low.
  • Amazon has widened the scope of its Prime program to include low-income consumers, with some programs for consumers on government assistance as low as $5.99 per month.
  • The deeper reach by the Seattle e-commerce giant is on top of the aggressive push at the higher end of retail with new Whole Foods perks for Prime members.
  • Analysts think grocery discounts can go a long way toward justifying Prime membership's annual rate.
  • Related stocks: TGT, WMT, SFM, KR, SVU, WMK, CASY, IMKTA, DLTR, DG.
  • Now read: Target: Chasing Amazon Is Taxing


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