Lou Basenese, President of Public Ventures ‘Varney & Co.’ To discuss the markets and how Microsoft’s performance could affect technology and Amazon stock.
Amazon Prime members will no longer get free delivery on some grocery orders starting next month.
Amazon New Orders Under $150 no longer qualifies for free delivery.
Customers will be charged between $3.95 and $9.95 depending on order size, the company said in an email to Prime members on Friday.
The new policy is effective from February 28.
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An “Amazon Fresh” delivery truck is parked in Brooklyn, New York. (REUTERS/Brendan McDermid/Reuters Photos)
Currently, the company offers members free groceries on orders over $35, except in New York, where it’s $50.
“We will continue to offer convenient two-hour delivery windows for all orders, and customers in some areas will be able to select a longer, six-hour delivery window at a reduced cost,” Amazon said in an email.
An Amazon worker delivers groceries from the Amazon Fresh service in the borough of Brooklyn, New York. (REUTERS/Brendan McDermid/Reuters Photos)
Prime has more than 200 million members worldwide who pay $139 a year or $14.99 a month.
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Under the new policy, the company said the delivery fee will be $3.95 for orders between $100 and $150, $6.95 for orders between $50 and $100 and $9.95 for orders under $50. Amazon Fresh deliveries over $150 are free.
An Amazon Fresh Pickup store has opened in the Ballard neighborhood of Seattle, Washington (iStock/iStock)
The move comes as the company aims to cut costs Current economic environment.
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Amazon has joined several companies this month. reducing its workforce.
| ticker | Security | Past | change | conversion % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 102.24 | +3.02 | +3.04% |
The e-commerce giant announced that it has eliminated unprofitable parts of its business, suspended hiring and laid off 18,000 workers.
The Associated Press provided this report.
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