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Supermarket Sweep

Grocery stores fall as Amazon adds perishable groceries to same-day delivery nationwide

Amazon is trading up while Instacart is down double digits on the news.

Rani Molla

Walmart, Kroger, and Albertsons are all trading down this morning after Amazon announced customers can now get same-day delivery on thousands of perishable groceries nationwide. “This marks one of the most significant grocery expansions for Amazon,” the company wrote in a press release. Amazon’s stock is up about 1.5% in early trading.

Amazon said the service is available in 1,000 cities and towns across the country, and it plans to expand to more than 2,300 locations by the end of the year. It’s free to Prime subscribers on orders of $25 or more.

Investors fear that Amazon might finally be able to do to groceries what it did to books, electronics, and countless other retail categories.

Instacart, a competing online grocery site, is down double digits this morning.

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