Amazon has launched a new private-label grocery brand called Amazon Grocery, aimed at price-conscious consumers with over 1,000 items priced under $5. This move has caused shares of competing grocers to decline as Amazon continues to adapt its grocery business amid recent changes, including the closure of its U.K. locations.

Amazon plans to extend new employment offers to Whole Foods' U.S. corporate employees, enhancing collaboration between its grocery teams. While employees will gain access to Amazon's discounts and healthcare benefits, they will lose some Whole Foods-specific perks, including in-store discounts and remote work options.