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Recode reports Amazon blames USPS for Fresh failures; Amazon Go soon public?

Published 11/15/2017, 03:29 PM
© Reuters.  Recode reports Amazon blames USPS for Fresh failures; Amazon Go soon public?
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  • Recode reports that Amazon (NASDAQ:AMZN) privately blamed the United States Postal Service for the tech giant’s need to shut down part of its Amazon Fresh grocery delivery service.
  • Sources say Amazon claimed the USPS provided unreliable deliveries. The lack of an alternative delivery method led Amazon to close Fresh off to parts of nine states.
  • USPS rates posed another problem for the Fresh deliveries.
  • In other news, Bloomberg reports that the company’s Amazon Go stores are closer to going public.
  • The cashier-free stores rely on a smartphone app and sensors to power the shopping experience.
  • Amazon Go experienced technical problems early on but the recent shift to "construction managers and marketers" hints the stores will soon exit the testing stage.
  • Amazon shares are down nearly 1%.
  • Previously: SunTrust analyst says Amazon will have record-breaking holiday sales (Nov. 15)
  • Now read: The Important Detail In Its Quarterly Report Amazon Glossed Over


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