Amazon Squashes Same-Day Delivery Hopes

Online retailer says such speedy deliveries simply aren't economically

   

Amazon Squashes Same-Day Delivery Hopes

During a conference call on Thursday that focused on the company’s not-so-hot Q2 profits, Amazon‘s (NASDAQ:AMZN) CFO Tom Szkutak squashed hopes of same-day shipping.

“On the topic of delivery speed to customers, we are trying to get closer to customers, but in terms of same-day delivery, we don’t see a way to do same-day on a broad scale at the moment,” Szkutak said.

Shares of the online retailer’s stock dipped in after-hours trading Thursday, but ticked up today amid news that the company is building more fulfillment centers. AMZN shares were up more than 6% during early afternoon trading, Friday.

More News About Amazon


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/amazon-squashes-same-day-delivery-hopes/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.