In the first quarter of 2024, Amazon reported record-breaking delivery speeds for its Prime members. The company delivered more than 2 billion items the same or next day, with three out of four items ordered in major cities like London, Tokyo, and Toronto being delivered within the same window. This announcement was part of Amazon’s quarterly earnings report that exceeded Wall Street expectations.
Blake Droesch, a senior analyst at Emarketer, praised Amazon’s strong growth in online sales in the first quarter of the year. He noted that Amazon’s commitment to free and fast delivery through Amazon Prime is a key factor in attracting customers to the site, particularly for household items and consumer packaged goods.
Amazon Prime memberships cost $14.99 per month or $139 per year, with discounted rates available for students. In addition to improving delivery times, Amazon is ramping up its grocery offerings by providing free delivery on grocery orders over $35 from stores like Whole Foods and Amazon Fresh. This move is part of the ongoing grocery war among retail giants.
