In the first quarter of 2024, Amazon reported record-breaking delivery speeds for its Prime members. With over 2 billion items delivered the same or next day, the company exceeded Wall Street expectations. This announcement was part of Amazon’s quarterly earnings report that showcased the company’s strong growth in online sales.
One of the key factors that contributed to this growth was Amazon’s commitment to free and fast delivery through its Prime membership. This has attracted customers to the site, particularly for household items and consumer packaged goods. Blake Droesch, a senior analyst at Emarketer, praised Amazon’s strong growth in online sales in the first quarter of the year and noted that this commitment is a key factor in attracting customers to the site.
In major cities like London, Tokyo, and Toronto, three out of four items ordered were delivered within the same window. This demonstrates Amazon’s ability to provide fast and reliable delivery to its customers. Additionally, 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 an ongoing grocery war among retail giants as they compete for market share.