Amazon May Have Finally Cracked This Huge Retail Category
Every time Amazon (NASDAQ: AMZN) reports earnings results, it writes a laundry list of its business highlights from the previous quarter. In the fourth quarter, one of the highlights involved Amazon Fresh, the company's grocery delivery platform, and Whole Foods, the grocer it acquired in 2017.
Amazon's press release on its fourth-quarter results included the following highlight from the quarter:
Amazon announced that delivery through Amazon Fresh, which was previously $14.99 a month, is now a free benefit for Prime members. Members in more than 2,000 U.S. cities and towns can access free two-hour grocery delivery from Amazon Fresh and Whole Foods Market. Grocery delivery orders from Amazon Fresh and Whole Foods Market more than doubled in the fourth quarter year over year.
Source Fool.com
