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Amazon aims to gobble up Wal-Mart's food business

from Bloomberg via The Globe and Mail

For years, Wal-Mart Stores Inc. has followed Inc., putting inventory online and starting its own version of a marketplace where third-party merchants can sell their wares. Now, Amazon is returning the favor. The e-commerce behemoth is building pickup locations for groceries in Seattle that could open by the end of the year, according to someone familiar with the plans, echoing a strategy embraced by its chief brick-and-mortar rival. more

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