This is the season for online shopping, especially if Amazon is your destination. The online retailer of Mega announced that all Christmas orders will be sent for Christmas business for free and the minimum purchase price will be waived – even if you are not a Prime member.
The company had previously set a threshold of $ 25 for orders to qualify for free shipping, but Amazon will waive that requirement by Monday, the company said. Hundreds of millions of items can therefore be sent for free.
Premier members who are already eligible for free two-day shipping receive a new discount: More than 3 million items will be available for delivery on the same day during the holiday season.
The move came after Amazon's latest profit report, which saw sales grow 29 percent to $ 56.58 billion, but below expected analysts' $ 57.05 billion. Revenues for the same period last year were $ 43.7 billion.
Amazon expects sales between $ 66.5 and $ 72.5 billion for the current quarter ending in December. Analysts surveyed by Zacks Investment Research had expected sales of $ 73.87 billion.
Traders can expect a robust holiday shopping this year. Turnover in November and December – excluding automobiles, gasoline and restaurants – is expected to increase between 4.3 and 4.8 percent to reach $ 717.45 billion, compared to 2017, to $ 720.89 billion National Retail Federation.
"Thanks to a healthy economy and strong consumer confidence, we believe this holiday season will continue to reflect last year's growth," the group said in a statement.
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