Walmart has decided to launch a new higher-end grocery line in response to Amazon's acquisition of Whole Foods just over a month ago.
On Friday, Jet.com (which was bought by Walmart for $3 billion just over a year ago), said its new brand (Uniquely J) will target millennials in more urban areas offering products such as paper towels, coffee , olive oil amongst other products. Good Move by Walmart?
Since Amazon cut its prices once the deal with Whole Foods was done, its somewhat forced everybody to lower their prices in the last month... Good Move by Amazon?
