Amazon's one-day Prime shipping initiative takes a big bite out of its Q3 earnings. One-day initiative also will lead Amazon’s increase in hiring despite its move to expand marketing and sales staff for its AWS cloud service, he said. As Amazon expands one-day shipping, that may help it cut back on retailers’ profit-eroding pricing game. “This could reflect the move to one-day shipping. More than 10 million items now qualify for Amazon’s one-day free shipping, much more than what its rivals offer.

Source: Forbes October 25, 2019 01:28 UTC