Amazon Follows Walmart in Slashing Grocery Prices to Gain Share

As Amazon looks to make a dent in Walmart’s share of consumer grocery spending, the eCommerce company is joining the list of retail giants making widespread price cuts to common food items as shoppers seek the best bargain.The online marketplace’s Amazon Fresh grocery division is rolling out discounts of up to 30% on 4,000 items, although the specific markdowns will vary week to week, CNN reported last week.“Increasing our weekly deals across thousands of items and expanding the reach of Prime Savings at Am ...