Amazon Squashes Same-Day Delivery Hopes

by Angela Nazworth | July 27, 2012 12:19 pm

During a conference call on Thursday that focused on the company’s not-so-hot Q2 profits[1], Amazon‘s (NASDAQ:AMZN[2]) CFO Tom Szkutak squashed hopes of same-day shipping[3].

“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[4]. AMZN shares were up more than 6% during early afternoon trading, Friday.

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Endnotes:
  1. on the company’s not-so-hot Q2 profits: http://investorplace.com/2012/07/amazon-posts-not-so-hot-q2-profits/
  2. AMZN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMZN
  3. squashed hopes of same-day shipping: http://allthingsd.com/20120726/amazon-says-it-cant-scale-same-day-delivery-economically/?mod=googlenews
  4. building more fulfillment centers: http://investorplace.com/2012/07/amazon-investors-keep-the-faith/
  5. Will Amazon Kill Costco?: http://investorplace.com/2012/07/how-amazon-com-will-kill-costco/
  6. Why Amazon Will Put Robots in Power: http://investorplace.com/2012/07/the-4-horsemen-of-the-high-tech-apocalypse-aapl-amzn-ibm-si/
  7. Amazon is Hiring Thousands … Right Now: http://investorplace.com/2012/07/7-companies-seeking-scads-of-employees-now/

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