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Why You Should Buy Shares of Amazon

TheMotleyFool

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While most retailers are seeing a drop in demand during the coronavirus (COVID-19) pandemic, Amazon.com (NASDAQ: AMZN) can't keep up with it. As the outbreak escalates in the U.S., shoppers have flocked to Amazon to stock up on basic supplies like pasta, water, and toilet paper. That's resulted in product shortages and lengthening of delivery times.

Now Amazon is taking action. The online retail giant this week said it is hiring more workers and offering others a raise in order to handle the extra business. This move could be a positive sign about revenue in the current quarter -- one that will be catastrophic for many others in the retail industry.

Image source: Getty Images.

Source Fool.com

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