Livemint : Apr 26, 2019, 10:41 AM
Amazon expects to spend $800 million toward the shipping goal in the second quarter alone. The news marks a costly challenge for competitors that will have to pour money into logistics. Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals such as Walmart Inc.