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Grocery sector reeling with Amazon hitting the ground running

Aug. 24, 2017 2:07 PM ETAmazon.com, Inc. (AMZN) StockAMZN, KR, SVU, UNFI, HAIN, IMKTA, SFMBy: Clark Schultz, SA News Editor122 Comments
  • The grocery store sector is getting jolted by news that Amazon is wasting no time is lowering prices at Whole Foods (WFM).
  • Kroger (NYSE:KR) is down 4.40%, while Sprouts Farmers Market (NASDAQ:SFM) has shed 2.8%. Ingles Markets (IMKTA -3.1%) and Supervalue (SVU -3.5%) also dropped quickly off the news.
  • Supplier United Natural Foods (UNFI -3.3%) and Hain Celestial (HAIN -2.4%) are also reeling.
  • Previously: Amazon plans on lower prices at Whole Foods (Aug. 24)

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