Amazon Prime Now shows early promise
Amazon Prime Now - a service that delivers near-instant gratification for Prime members - is showing staying power with consumers, as 40 percent of Prime Now buyers have used the service more than four times since launch.
To put those numbers in context, Prime Now buyers are more likely to be repeat users than are Instacart customers.
Prime Now revenue has more than quadrupled from September 2015 to September 2106, driven by an aggressive roll-out of new markets over the past year. The service is most popular among 25 to 44 year-old males, 62 percent of whom spend between $20 and $50 per order, squaring up closely to the shopping habits of convenience store shoppers.
What are the implications of Amazon Prime Now for retailers and brands? Ken Cassar, principal analyst, Slice Intelligence, will explore the promise and threat of the service in a Retail Wire webinar today at 9:00 a.m. PST/ 12:00 p.m. EST. Tune in here for a lively discussion about how Prime Now is shaking up the convenience, drugstore, and grocery industry.