Dallas, Texas 05/09/2014 (FINANCIALSTRENDS) – Amazon.com, Inc. (NASDAQ:AMZN) is successfully offering its Sunday delivery services in Los Angeles and New York for past six months and now it announced its plans to expand the same service to 15 additional cities. The company also noted that it also plans to expand this service to a large portion of the U.S. by the end of current fiscal.
However, the news did not bring much stimulation to trading session and the stock closed at $288.32, losing 1.50% or $4.39 from its previous close. The stock is down almost 26.70% or $105, year to date. Its 52 week range is between $255.33 and $408.06.
Expansion of Sunday Delivery:
The 15 new cities where Amazon.com, Inc. (NASDAQ:AMZN) is going to being its Sunday delivery service include, Texas, Houston, Dallas, Indianapolis, Philadelphia, Cincinnati, Oklahoma City, Louisville, Tx., Ky, Austin, Waco, Lexington, Columbus, New Orleans, Shreveport, College Station and San Antonio.
The company informed that members can place the orders as late as Friday to receive the Sunday delivery. However, to avail this service one needs to be an Amazon Prime subscriber, Amazon’s premium membership service which costs $99 a year. The company noted that the packages will be delivered by the U.S. Postal Service. Amazon decided this expansion after successful Sunday deliveries of millions of packages in the trial cities.
Amazon.com, Inc. (NASDAQ:AMZN)’s Vice President – North America Operations, Mike Roth mentioned in a statement, “So far, the most common items delivered on Sunday include baby supplies such as newborn apparel, books and toys. Sunday delivery is clearly crossing errands off the weekend to-do list.”
Besides Sunday deliver, Amazon is also offering same-day delivery in test markets and it recently announced that it is expanding the service to San Francisco, Dallas and Los Angeles. The company is also expanding its AmazonFresh grocery delivery service and presently it is offering it in San Francisco, southern California and Seattle.
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