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Headline : Amazon is all about the cheap stuff right now

Read more from the original article on here at qz.com.





Tags : #amazon #about #cheap #stuff #right #now


No. of Paragraph 11

Amazon (AMZN-0.18%) is making a big bet on low-cost essentials — and it’s apparently paying off.

The e-commerce giant says it’s upping its focus on everyday items in categories such as health, beauty, and groceries, while also accelerating delivery speeds to keep up with increasing consumer demand.

“We’re continuing to lower prices and ship even more quickly,” Amazon CEO Andy Jassy said during the company’s earnings call on Oct. 31. “We can see this resonating with customers, as our unit growth continues to be strong and outpace even our revenue growth.”

Shoppers seem to be flocking to Amazon for essentials, driving a surge in sales that’s growing 50% faster than other product categories, according to Amazon’s CFO Brian Olsavsky.

Read more from the original article on here at qz.com.


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