E-commerce has become an integral part of our fast-paced world, primarily due to growing proliferation of rapid delivery services.
We note that Amazon AMZN, a dominant force in the e-commerce space due to its aggressive retail strategies, robust distribution strength and Prime program, continues to bolster last mile delivery initiatives to attract more customers.
The company’s same-day delivery, one-day shipping and other fast delivery services remain key catalysts in driving the top line.
However, retailers like Walmart WMT, Target TGT and Costco Wholesale COST are making every effort to enhance e-commerce capabilities in order to capitalize on the burgeoning need for quick delivery services.
Consequently, competition is intensifying for Amazon due to growing delivery initiatives by these big retailers.
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Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research