'Amazon will stop at nothing to take away the share that Walmart has gained,' CNBC's Jim Cramer says.
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.
"They hate, hate, hate Walmart. Walmart is the biggest grocery chain in the country," Cramer said on"Squawk on the Street.""Amazon will stop at nothing to take away the share that Walmart has gained." Amazon said it will slash prices on hundreds of items at Whole Foods stores starting Wednesday as the company extends its focus beyond enticing Prime shoppers. Amazon acquired Whole Foods, known for its organic selection and high prices, in 2017. Amazon had hoped to convert more Prime members into Whole Foods shoppers.
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