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MarketBeat
MarketBeat
Jordan Chussler

Amazon Is on the Cusp of Becoming a Grocery Disruptor

Amazon Amazon.com Inc. Walmart COST Costco Prime Whole Foods Market Amazon Fresh MarketBeat

When most people think of America’s grocery giants, Walmart (NYSE: WMT), Albertsons (NYSE: ACI), and The Kroger Co. (NYSE: KR) come to mind. What most people would not expect is the inclusion of one of the biggest names in consumer discretionary stocks. After all, that sector is fundamentally the opposite of consumer staples, into which grocery store chains belong. 

However, after first splashing into the supermarket industry when it purchased Whole Foods Market in June 2017, e-commerce and cloud storage solutions Amazon (NASDAQ: AMZN) again made headlines this month. On Oct. 1, the company announced the launch of its own private-label food brand, Amazon Grocery. 

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