Amazon Benefits From Strengthening Delivery Services & Prime
Zacks Investment Research | Dec 03, 2018 09:50PM ET
Amazon (NASDAQ:AMZN) is gaining further momentum in the online retail space with the aid of its strong Prime program. Moreover, its distribution strength, expanding seller base and product offerings are aiding its dominant position in this particular space.
The company’s continued focus toward enhancement of its delivery services along with Prime benefits is acting as a tailwind. This robust combination is bolstering the number of items ordered and shipped.
The e-commerce giant has revealed that Prime members worldwide have ordered more than 2 billion items throughout 2018 so far by utilizing the power of its one-day or fasterdelivery services.
This number is testimony to the company’s success in achieving its aim of delivering better shopping experience to customers with fast delivery service.
Coming to price performance, shares of Amazon have returned 51.5% on a year-to-date basis, outperforming the
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