tl;dr
Preeti Singh, SA News Editor Amazon (NASDAQ:AMZN) has introduced a low-cost grocery delivery subscription benefit in the U.S. for members of its Prime program and customers using EBT (electronic benefits transfer) card, as the e-commerce giant looks to expand its fresh-food business. The subscriptio...
Preeti Singh, SA News Editor Amazon (NASDAQ:AMZN) has introduced a low-cost grocery delivery subscription benefit in the U.S. for members of its Prime program and customers using EBT (electronic benefits transfer) card, as the e-commerce giant looks to expand its fresh-food business. The subscription plan will allow Amazon's Prime members in more than 3,500 cities and towns across the U.S. to get unlimited grocery delivery at $9.99 per month on orders above $35 from Whole Foods Market, Amazon Fresh, and a variety of local grocery and specialty retailers on Amazon.com. The plan also offers one-hour delivery windows at no extra cost, unlimited 30-minute pickup on orders of any size, and priority access to Recurring Reservations for a weekly grocery order. Low-income citizens, who use registered EBT cards to claim benefits under the government's Supplemental Nutrition Assistance Program, can experience the same grocery subscription benefits without a Prime membership at a discounted subscription fee of $4.99 per month. The launch comes after a successful pilot of this subscription plan with Prime members in Columbus, Ohio; Denver, Colorado; and Sacramento, California, in late 2023.
More about Amazon.com Inc
Amazon.com Inc Summary Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: TRADE & SERVICES
Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: 1,843,670,548,000
P/E Ratio: 60.9
Dividend Yield: None
EPS: 2.91
Stock Price: $3,55.78
Volatility: 0.0529
Shares Outstanding: 574,784,995,000
High: $211.32
Low: $50.69
Change: 0.139
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