WMT Walmart Inc

By Chris Wack

Shares of Target Corp. (TGT) and Walmart Inc. (WMT) dipped the day after Amazon.com Inc. (AMZN) announced that its Prime members would be getting free one-day delivery on most Amazon products.

Target shares were down 5.5%, to $77.21, and Walmart shares were down 2%, to $101.17, in midmorning trading. The big-box retailers had been starting to catch up with Amazon's two-day shipping promise.

Amazon said Thursday the $800 million move to one-day shipping would add more products and zip codes throughout the world, but the company didn't say when the policy would be implemented.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

April 26, 2019 11:14 ET (15:14 GMT)

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