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Benzinga

Business

Anusuya Lahiri

Walmart Stock Slides As Amazon's Grocery Delivery Expansion Heats Up Price War And Challenges Margins

Walmart Amazon Amazon.com Inc. Nasdaq WMT United States Prime Whole Foods

Walmart

Walmart (NYSE:WMT) stock dropped after Amazon.com (NASDAQ:AMZN) expanded its U.S. grocery delivery service to all customers in over 3,500 cities.

Amazon previously limited the service largely to Prime members. The Seattle-based conglomerate now offers same-day delivery from Amazon Fresh and Whole Foods to everyone (Prime members receive lower fees).

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