Wednesday, April 3, 2019

Amazon reportedly will do whatever it takes to undercut Walmart

Amazon will do whatever it takes to extract the market share Walmart has in the grocery business, even if it includes slashing prices at its Whole Foods stores, CNBC’s Jim Cramer said Tuesday.

Cramer, the host of “Mad Money, ” said his sources at Amazon indicate to him that “whatever Walmart is doing” on prices, Jeff Bezos’ e-commerce giant “will come under” it. . . . more