Amazon.com Inc. (AMZN) has launched a new grocery delivery subscription benefit that is available to Prime members and customers using EBT. The subscription costs $9.99 per month for Prime members and $4.99 per month for customers with an EBT card. The subscription includes unlimited grocery delivery on orders over $35 from Amazon Fresh, Whole Foods Market, and other local grocery and specialty retailers on Amazon.com. The service also includes one-hour delivery windows at no extra cost and unlimited 30-minute pickup on orders of any size.
The subscription service is aimed at streamlining grocery shopping and offering savings on delivery fees for customers who regularly order groceries from Amazon. The service has garnered high satisfaction rates among users in select cities where it was piloted.
Over 85% of respondents expressed extreme or very high satisfaction with the free delivery benefit, citing savings on fees and enhanced convenience as key factors for continued subscription.
Amazon stock gained 69% in the last 12 months. Investors can gain exposure to the stock via SPDR Select Sector Fund – Consumer Discretionary (XLY) and Vanguard Consumer Discretion ETF (VCR).
