Thursday, 30 July 2020

Amazon's online grocery sales tripled as people stayed home amid the coronavirus pandemic (AMZN)

whole foods prime delivery amazonBruce Bennett/Getty Images

  • Amazon saw an explosion in online grocery delivery sales thanks to the coronavirus pandemic.
  • Online grocery sales tripled year over year in the company's second quarter.
  • Amazon has responded by tripling the number of its grocery pickup locations.
  • The spike in online grocery shopping is largely driven by Prime subscribers who are ordering more products from the online retailer.
  • Visit Business Insider's homepage for more stories.

Amazon' online grocery sales tripled in the second quarter as a result of stay-at-home orders and COVID-19 fears.

In the online retail giant's second quarter earnings call on Thursday, company executives explained that Amazon has seen a surge in online grocery sales compared to the previous year. And they largely credit changes to consumer behavior brought about by the coronavirus pandemic.

See the rest of the story at Business Insider

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