Amazon Pantry launched in 2014 as an entree into consumer packaged goods, a business worth more than $800 billion a year in the US. Photo: ReutersSeattle: Amazon.com Inc. is shifting its Prime Pantry service, which focuses on non-perishable household goods like breakfast cereal, laundry detergent and shampoo, to a $5 per month membership model. Amazon will make the change gradually, encouraging Prime Pantry shoppers to commit to a monthly service charge that gives them free shipping on orders of at least $40, a company spokeswoman said. Amazon plans to bring the new Prime Pantry model to different US markets throughout this year. Amazon had subscription services revenue of $3.18 billion in the fourth quarter, up almost 50% from a year earlier.

Source: Mint March 09, 2018 06:33 UTC