logo
Amazon making major change to Prime that will affect the whole of the US

Amazon making major change to Prime that will affect the whole of the US

Daily Mail​13 hours ago

Amazon is planning to expand its same-day and next-day delivery to over 4,000 small cities, towns, and rural communities in the US.
Thousands of its 200+ million Prime members will have the pleasure of having this benefit by the end of the year.
The plan comes after the company invested over $4 billion to triple the size of its delivery network by 2026.
Amazon is expanding the network to help customers who 'live farther from brick-and-mortar retailers, have fewer product and brand choices, and face limited delivery options when shopping online.'
'The money saving is important, but for many rural customers, the more critical dynamic is the time saved by using Amazon. The expanded choice that Amazon offers is also very appealing to shoppers who are miles away from big malls and stores,' GlobalData retail expert Neil Saunders told DailyMail.com.
'For Amazon, rural gains are an important part of driving Prime penetration. And the business is confident it can service this profitably by adapting existing rural delivery stations into hybrid hubs which store inventory Amazon's algorithms know will be popular in the area.'
Shoppers interested in trying out the platform can do so for $14.99 a month or $139 a year.
The project announcement comes after Amazon made the decision to expand its Prime Day sales event to four days from two.
Prime Membership
Prime provides a range of benefits on top of next and same day delivery and is available on a 30 day free trial. After the trial, membership costs $14.99 a month or $139 a year.
$139/year Shop
The company had already been the topic of conversation during the rise of inflation and fears of recession after CEO Andy Jassy warned shoppers tariffs potentially rising prices.
While Amazon's net sales skyrocketed to $155.7 billion this quarter, the company has been slammed by its employees and Prime members.
Shoppers claimed they would cancel their memberships last year after finding out the company was axing its Amazon Today service.
Prior to its removal, it was a popular perk that provided same-day delivery from select stores in the customers' neighborhoods.
Members also canceled accounts after finding out its streaming service started rolling out more advertisements across its TV shows and films.
The company didn't stop there with its prime perk change-ups and infuriated customers even more by raising the price of its Amazon Music Unlimited ad-free subscription program.
Besides its member benefit terminations, fans have begun turning their backs on Amazon after Jassy issued a warning of brutal workforce cuts.
It is unclear when the layoffs will begin and how many jobs will be axed, but Jassy revealed the cuts were the result of the company's increase in artificial intelligence.
There are over 200 million active Amazon Prime members worldwide
The company is keeping itself busy by preparing for Prime Day, recently warning its members about increases in cyber scams.
It's also exploring the idea of creating its own currency, an idea that could save the company and retailers like Walmart and Target billions of dollars.
Amazon is expecting to make between $159 billion and $164 billion during its second quarter, along with a $13 billion to $17.5 billion operating income.
The company will release its second quarter results on July 31 after the market closes.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

TNT Sports stepping away from NBA TV
TNT Sports stepping away from NBA TV

Reuters

time40 minutes ago

  • Reuters

TNT Sports stepping away from NBA TV

June 27 - TNT Sports will relinquish oversight of NBA TV operations, it was announced today by TNT Sports Chair and CEO Luis Silberwasser. After a 17-year run with TNT Sports, day-to-day operations will revert to the league on Oct. 1. "We made several proposals to continue to provide services and operate the NBA TV network and related digital assets," Silberwasser wrote in a memo to employees of the Warner Bros. Discovery cable unit, as reported by Sportico. "However, we were unable to agree on a path forward that recognized the value of our expertise, quality content and operational excellence that our fans and partners have come to expect from TNT Sports." In July 2024, the league announced a new 11-year agreement with the Walt Disney Company, NBCUniversal and Amazon Prime Video to broadcast approximately 75 games on linear television in addition to all national games being available on streaming services. TNT's agreement called for a minimum of 15 games on broadcast television. TNT will continue to generate digital content for the league through Bleacher Report and House of Highlights and maintain editorial control of the Inside the NBA studio show. The highly popular program that features Charles Barkley, Kenny Smith, Shaquille O'Neal and Ernie Johnson will air on ESPN and ABC. --Field Level Media

Democrat Wyden presses Bessent to commit to US sanctions on Russia
Democrat Wyden presses Bessent to commit to US sanctions on Russia

Reuters

timean hour ago

  • Reuters

Democrat Wyden presses Bessent to commit to US sanctions on Russia

WASHINGTON, June 27 (Reuters) - The top Senate Finance Committee Democrat pressed U.S. Treasury Secretary Scott Bessent on Friday to commit to enforcing Ukraine-related sanctions against Russia and to clarify comments about Russia rejoining an international bank payments network. In a letter to Bessent, Senator Ron Wyden also sought answers on how the U.S.-Ukraine critical minerals deal and investment agreement would help improve Ukraine's post-war security and not benefit any entity or country that aided Russia's war effort. Wyden cited Bessent's comments during his confirmation hearing that he was prepared to strengthen Russian sanctions, including on oil majors, if Trump requested this to help end the Ukraine war, which Bessent called "one of the greatest tragedies of my adult life." "I ask that you reaffirm your commitment to stringently enforce these sanctions and answer questions about how you envision other measures pursued by this administration, including agreements with Ukraine, potentially working in conjunction with these sanctions," Wyden wrote. The Oregon Democrat, who has opposed most of Trump's trade and tax agenda advanced by Bessent, asked the Treasury chief to explain comments he made to Fox News Channel in which he did not rule out bringing Russia back into the SWIFT international banking network. Russia was expelled from the payments messaging system after its invasion of Ukraine in 2022. "Would Treasury allow Russian banks to rejoin SWIFT absent a comprehensive peace agreement with Ukraine that fully addresses Russia's unprovoked invasion of Ukraine?" Wyden asked in a series of questions for Bessent to answer. Wyden also asked whether Bessent would continue the U.S. Treasury's implementation of commitments by G7 leaders to curtail Russia's use of the international financial system to support its war against Ukraine. A Treasury spokesperson did not immediately respond to a request for comment on Wyden's letter.

Your Nike shoes are about to cost a whole lot more thanks to Donald Trump, company warns
Your Nike shoes are about to cost a whole lot more thanks to Donald Trump, company warns

The Independent

timean hour ago

  • The Independent

Your Nike shoes are about to cost a whole lot more thanks to Donald Trump, company warns

Nike warned that tariffs imposed by President Donald Trump will cost the company about $1 billion as it looks to make 'surgical' price increases in the fall. The company is shifting production away from China, where Nike makes about 16 percent of the footwear it imports into the U.S., Chief Financial Officer Matthew Friend told investors Thursday. 'We will optimize our sourcing mix and allocate production differently across countries to mitigate the new cost headwind into the United States,' Friend said on the call. The sports giant appears to be unloading some of the burden of the tariffs onto customers. Last month Nike announced it was increasing prices for adult apparel and equipment by $2 to $10 from June 1. It forecast that footwear costing between $100 to $150 would rise by $5, while shoes costing above $150 would increase by $10. There were some exceptions — the price of children's products, Nike Air Force 1s or Jordan products would not rise. 'We regularly evaluate our business and make pricing adjustments as part of our seasonal planning,' Nike previously said in a statement, without mention of the tariffs. Nike also reported a quarterly profit of $211 million, or 14 cents per share. Revenue totaled $11.1 billion. Both edged out Wall Street projections. Nike, Adidas, Under Armour and Puma were among 76 companies that signed a letter in April addressed to Trump, asking for a footwear exemption from reciprocal tariffs. The letter warned tariffs would 'become a major impact at the cash register for every family.' The potential for higher prices from Trump's tariffs have raised alarms for families, notably those who already spend a good chunk of money on equipment needed to participate in sports. Trump and his Commerce Secretary Howard Lutnick said late Thursday that the U.S. and China have signed an agreement on trade, but provided no details. Elsewhere, Trump on Friday said he was suspending all trade talks with Canada — and making plans to force Americans to pay high import taxes on its goods — after the northern ally's finance department confirmed plans to collect a digital services tax.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store