Menu
Equities Tech

Amazon shares open lower; Offers free shipping ahead of the holidays

Amazon shares opened lower Monday, as the global tech behemoth is offering free shipping for all US customers in the run up to the holidays, with no minimum spend requirement. The move comes as competition for sales heats up, following increased focus on internet shopping from retailers and consumers.

At 1430 BST, Amazon shares opened 0.83% lower at $1,651.73. The stock has trending broadly lower in recent weeks.

Amazon offers free delivery

Earlier Monday, Amazon announced that from today, November 5th, the etail giant will deliver any goods purchased in the US, free of charge. It has removed any minimum spend on the offer, for a limited period in the run up to the 2018 holidays.

“This holiday, customers can enjoy free shipping with no minimum purchase amount on orders that will arrive in time for Christmas, including items from Amazon’s expertly curated Gift Guides across electronics, fashion, home and toys,” said Doug Herrington, Senior Vice President of North American Retail at Amazon.

“With hundreds of millions of items available for free shipping to all Amazon customers and more than three million items available with Prime FREE Same-Day Delivery, customers can enjoy the largest selection of items that are fast and free,” Herrington added.

Amazon in advanced talks over HQ2

Separately, a Washington Post report over the weekend, states that Amazon is now in advanced talks to open its second US headquarters in Virginia, Washington. The news publisher is owned by Amazon founder and CEO, Jeff Bezos.

“Amazon.com has held advanced discussions about the possibility of opening its highly sought-after second headquarters in Crystal City, including how quickly it would move employees there, which buildings it would occupy and how an announcement about the move would be made to the public, according to people close to the process,” the Washington Post story states.

It adds that the discussions with Arlington, have been more detailed than any other talks regarding other potential US HQ2 locations.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.