Amazon To Use Mom-and-Pop Shops As Delivery Points In India
Zacks Investment Research | Jan 20, 2020 09:09PM ET
Amazon (NASDAQ:AMZN) is sparing no effort to strengthen its e-commerce business in India. This is evident from its latest tie-ups with thousands of mom-and-pop stores (popularly known as Kirana stores) in India.
Notably, the company will utilize these stores as its delivery points in order to enhance delivery infrastructure in the country.
Further, the latest move will strengthen the company’s pilot program namely “I have Space,” which has now reportedly expanded to Tier 1, 2 and 3 cities of India. The program focuses on building relationships with local neighborhood or kirana shops.
Under this program, Amazon has partnered with more than 20,000 such shops so far across 350 cities of India.
We believe the recent partnerships are expected to drive Amazon’s momentum across the country’s shoppers and mom-and-pop shops. Consequently, this will bolster the company’s presence in retail space of India, which holds immense prospects.
This will aid the company in winning investor confidence.
Coming to price performance, Amazon has returned 14.2% over a year, underperforming the Original post
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