Amazon.com Inc. will double the number of US same-day delivery facilities in the “coming years,” the company announced Monday, an investment executives are counting on to maintain Amazon’s lead in the $1.4 trillion online shopping market.
Speedy delivery remains a major imperative for Amazon, and the company said more than half of all orders placed by Prime subscribers in the 60 largest metropolitan areas during the most recent quarter arrived the same or next day. Amazon also said that it has delivered more than 1.8 billion units to Prime members in the US with same-day or one-day delivery so far this year, up about fourfold from the same period in 2019.
The chest-thumping comes days before Amazon is scheduled to report second-quarter financial results and suggests executives are keen to shore up investor faith in the money-losing e-commerce business. Online sales growth has slowed from its breakneck pace during the pandemic, and Amazon has become increasingly reliant for profit on its cloud-computing business, which also has been slowing.
Source: Bloomberg
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