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Amazon rolls out same-day delivery of perishable groceries in 1,000 US cities

1. Amazon expands Same-Day Delivery for perishables to 1,000 U.S. cities. 2. Service will reach 2,300 cities by year-end to compete with Instacart. 3. Orders undergo a six-point quality check for freshness and quality. 4. Same-day delivery is free for Prime members with a $25 minimum. 5. Amazon aims to boost grocery sales amid declining foot traffic.

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FAQ

Why Bullish?

Amazon's expansion in perishables enhances competitive positioning and market share, reminiscent of prior grocery undertakings boosting revenue.

How important is it?

The initiative shows a strategic pivot towards grocery, potentially increasing AMZN's market presence and revenue.

Why Long Term?

Sustained growth in grocery segment may lead to strong revenue streams, particularly as competition intensifies.

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