- Jan 1, 2011
- 2,856
- 15,666
- Disclosures
- I never actually learned to play very well
Invalid Link Removed
The e-commerce company announced on Thursday Invalid Link Removed for all Amazon Prime members, expecting to spend $800 million during the second quarter of this year to improve its warehouses and delivery infrastructures to make this possible.
Target shares were down more than 5% Friday morning. Walmart shares tumbled 2.5%.
With more than 100 million paying Prime members across the country, it’s estimated Amazon reaches more than 50% of U.S. households today, and growing. And so the impact of its move toward an even speedier shipping option is going to be substantial. This means more and more consumers are going to get used to having whatever they order on the internet show up at their doorsteps in 24 hours or less. Walmart and Target are going to need to make sure they meet these changing expectations.
The e-commerce company announced on Thursday Invalid Link Removed for all Amazon Prime members, expecting to spend $800 million during the second quarter of this year to improve its warehouses and delivery infrastructures to make this possible.
Target shares were down more than 5% Friday morning. Walmart shares tumbled 2.5%.
With more than 100 million paying Prime members across the country, it’s estimated Amazon reaches more than 50% of U.S. households today, and growing. And so the impact of its move toward an even speedier shipping option is going to be substantial. This means more and more consumers are going to get used to having whatever they order on the internet show up at their doorsteps in 24 hours or less. Walmart and Target are going to need to make sure they meet these changing expectations.