Amazon is coming to a suburb near you: report

According to a Bloomberg report, Amazon is looking to open 1,000 delivery hubs in cities and suburbs across the United States.

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The proposed expansion, which will eventually see about 1,500 facilities, will reportedly be used to bring products closer to customers and make online shopping akin to a quick run at the grocery store.

In addition, the move will allow the company to take on rivals such as Walmart and Target, which are able to deliver same-day delivery of online orders to customers through its brick-and-mortar stores.

The anchor Security The last Change Change %
WMT WalMART Inc. 136.26 -1.10 -0.80%
TGT Target Corp 147.99 -1.08 -0.72%

Walmart on Tuesday revealed a new potential threat to Amazon for its long-awaited subscription program Walmart +.

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Amazon promised earlier this year to make more and more products available to Prime subscribers, which has been disrupted due to the coronavirus epidemic despite demand from the e-commerce giant’s latest hiring efforts.

Pacific California, USA – May 11, 2020: Amazon Prime delivery package to individual delivery driver while wearing personal protective equipment and delivers packages during shelter in quarantine.

The retail giant has shied away from competing with Walmart and other suburban companies over the past few years, but CEO Jeff Bezos is doubling up as the holiday season by investing billions of dollars in fast delivery services.

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Although an Amazon spokesman has not confirmed the plans, the company said its last-mile delivery efforts complement them rather than replace their long-time partners.

“Our dedicated last-mile distribution network delivered its 10 billionth package since its launch five years ago, and we are proud to offer a great service to our customers,” the spokesperson told Fox Business in a statement.

The proposed expansion is announced this week with plans to hire 100,000 employees in the United States and Canada. Amazon also said that earlier this month it is adding 33,000 new corporate jobs.

The anchor Security The last Change Change %
AMZN AMAZON.COM INC. 3,078.10 -78.03 -2.47%

The company’s net sales, which were driven by an increase in demand from the epidemic, increased 40% to $ 88.9 billion in the second quarter, compared to $ 63.4 billion in the second quarter of 2019.

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