Amazon coming to a suburb near you: report
Should Amazon be worried about Walmart+?
Kaltbaum Capital Management President Gary Kaltbaum on Walmart launching a subscription service, Amazon getting into the luxury market, Hobby Lobby raising employee wages and Taco Bell coming out with a wine.
Amazon is looking to open 1,000 delivery hubs in cities and suburbs across the United States, according to a report by Bloomberg.
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AMAZON'S CAREER DAY GOES VIRTUAL DUE TO CORONAVIRUS
The proposed expansion, which will eventually see a total of about 1,500 facilities, will reportedly be used to bring products closer to customers and make the process of shopping online similar to a quick run to the grocery store.
In addition, the move will allow the company to take on rivals like Walmart and Target, who have been able to offer same-day delivery of online orders to customers through their brick-and-mortar stores.
Walmart also unveiled a new potential threat to Amazon on Tuesday, its long-awaited membership program, Walmart+.
AMAZON AIR TAKES OFF DURING CORONAVIRUS WITH RAPID SUMMER EXPANSION TO ITS FLEET
Amazon pledged earlier this year to get as many products to Prime subscribers on the same day as possible, an effort that has since been hindered due to the coronavirus pandemic despite the e-commerce giant's latest hiring efforts to keep up with demand.