clear
Friday November 24th, 2017 11:30AM

Walmart armors up for food fight with Amazon

By The Associated Press

NEW YORK (AP) — Just over a year after Walmart spent more than $3 billion for the fast-growing online retailer Jet.com, it will launch a higher-end grocery line targeting millennials as it tries to contain Amazon.com.

Amazon last month closed on its acquisition of Whole Foods, intensifying the competition between Walmart, Target, and other supermarkets as all of them fight to win a bigger slice of the grocery market.

Jet.com said Friday that the new brand, called Uniquely J, will focus on younger customers in urban areas, offering them select coffee, olive oil, paper towels, and other products.

Amazon cut prices almost immediately on a number of items at Whole Foods after it closed on the deal. Walmart has done the same over the past month.

  • Associated Categories: Associated Press (AP), AP Business
© Copyright 2017 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
2 days, 2 dangerous rock falls stun Yosemite park climbers
It happens about 80 times a year _ rocks break loose and crash down along the climbing routes at California's Yosemite National Park, but two days of cracking has killed 1, injured 2
10:26AM ( 15 minutes ago )
IMF chief tells central bankers to not dismiss bitcoin
Christine Lagarde, the head of the International Monetary Fund, says it would be a mistake if the world's central bankers ignore digital currencies
10:23AM ( 18 minutes ago )
Technology firms and small companies lead US stocks higher
Stocks are mostly higher as technology companies rise and smaller, domestically-focused companies continue to set records
10:16AM ( 25 minutes ago )
Associated Press (AP)
The Latest: Iraq PM says flight ban on Kurds not 'siege'
Iraqi Prime Minister Haider al-Abadi says the flight ban set to go into effect this evening is not intended to "starve" the Kurdish people
9:35AM ( 1 hour ago )
Nobel Peace Prize: The winners that soared and sank
Nobel Peace Prize: The winners that soared and sank
9:34AM ( 1 hour ago )
The Latest: Irbil official: How do you hand over an airport?
The general director of Irbil International Airport says Kurdish authorities are unaware of how to comply with Baghdad's demand to hand the airport over to federal authorities to avert a threatened flight ban
8:50AM ( 1 hour ago )
AP Business
2 days, 2 dangerous rock falls stun Yosemite park climbers
It happens about 80 times a year _ rocks break loose and crash down along the climbing routes at California's Yosemite National Park, but two days of cracking has killed 1, injured 2
10:26AM ( 15 minutes ago )
IMF chief tells central bankers to not dismiss bitcoin
Christine Lagarde, the head of the International Monetary Fund, says it would be a mistake if the world's central bankers ignore digital currencies
10:23AM ( 19 minutes ago )
Technology firms and small companies lead US stocks higher
Stocks are mostly higher as technology companies rise and smaller, domestically-focused companies continue to set records
10:16AM ( 26 minutes ago )
AP sources: US cuts embassy staff, urges no travel to Cuba
Senior U.S. officials say the United States is pulling roughly 60 percent of its staff out of Cuba and warning American travelers not to visit due to "specific attacks" that have harmed U.S. diplomats
10:06AM ( 36 minutes ago )
The Latest: San Juan mayor pushes back on Trump admin
President Donald Trump is defending his response to Puerto Rico's hurricane destruction and says "big decisions" are coming on the cost of rebuilding the island.
10:04AM ( 38 minutes ago )