looks to expand its online grocery service

With inflation pushing food prices higher by 3.3%, value-driven purchases is still the order of the day for many consumers relying on Walmart (WMT) and other cost-effective grocery retailers. (AMZN) — which also owns Whole Foods — is expanding its online grocery delivery service, Fresh, to which Forrester Research Retail Analyst Sucharita Kodali believes that the online retailer is still thriving primarily in non-perishable and non-food items. The US online grocery market is forecasted to be valued at $243 billion by 2025.  Kodali notes to Yahoo Finance that online fresh grocery sales are an “under-penetrated category” and sees room for growth in this market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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