Public Ventures President Lou Basenese resigns ‘Varney & Co.’ to discuss the markets and how Microsoft’s performance could impact tech and Amazon stocks.
Amazon Prime members will no longer get free delivery on some grocery orders starting next month.
Amazon Fresh orders under $150 no longer qualify for free shipping.
Customers will be charged between $3.95 and $9.95 depending on order size, the company said in an email to Prime members on Friday.
The new policy will apply from February 28th.
AMAZON BEGINS LAUNCHING 18,000 WORKERS IN ITS BIGGEST LAUNDRY EVER
An Amazon Fresh delivery truck is parked in Brooklyn, New York. (Portal/Brendan McDermid/Portal photos)
The company is currently offering members free grocery delivery on orders over $35, with the exception of New York where it’s $50.
“We will continue to offer convenient two-hour delivery windows on all orders, and customers in some areas can select a longer six-hour delivery window for a reduced fee,” Amazon said in the email.
An Amazon employee delivers Amazon Fresh groceries in the Brooklyn borough of New York. (Portal/Brendan McDermid/Portal photos)
Prime has more than 200 million members worldwide paying $139 per year or $14.99 per month.
AMAZON SELLING BAY AREA OFFICES TO HANDLE THE COVID EXPANSION
Under the new policy, the company said shipping costs will be $3.95 for orders between $100 and $150, $6.95 for orders between $50 and $100, and $9.95 for orders under $50. Amazon Fresh deliveries over $150 remain free.
Amazon Fresh pickup store opens in the Ballard area of Seattle, Washington (iStock / iStock)
The move comes as the company seeks to cut costs in the current economic environment.
AMAZON DISCONTINUES AMAZONSMILE CHARITY PROGRAM
Amazon joined numerous companies this month and cut its workforce.
ticker | security | Last | To change | To change % |
---|---|---|---|---|
AMZN | AMAZON.COM INC. | 102.24 | +3.02 | +3.04% |
The e-commerce giant announced it has cut unprofitable areas of its business, suspended hiring and laid off 18,000 employees.
The Associated Press contributed this report.