Amazon has reported that it has had an incredibly successful holiday season this year as a result of the huge number of deliveries and its improved logistics network. Boxing Day 2019 was the most successful day for Amazon’s stock since January 30th of 2019, and on this day Amazon’s shares went up by more than 4%. Amazon has said “This holiday season, the number of items that were delivered with Prime Free One-Day and Prime Free Same-Day Delivery nearly quadrupled compared to the same period last holiday season, making this Amazon’s fastest holiday yet.”
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As Amazon has grown exponentially this year by opening many new logistics and distributions centres worldwide and investing $1 billion in its logistics network, it is no wonder the E-commerce giant has seen its shares skyrocket this festive season. The expansion of its Prime service also played a major role in the increase of One-Day and Same-Day deliveries that took place over the holiday period.
