The Amazon Bundle: Why the Retail Giant Is Like the Cable Company of the Future


Amazon grows to fill the consumer need for online shopping!

TECH in AMERICA (TiA)

Infinite books, fast shipping, free streaming, fresh groceries: What kind of company is Jeff Bezos building?   

by Derek Thompson (courtesy TechCrunch)

This week, Amazon announced plans to bring online grocery shopping to Los Angeles with a new service called Amazon Prime Fresh. For $79, Amazon Prime already gives customers two-day shipping and access to thousands of streaming movies and TV shows. But for a $299 annual fee, Prime Fresh members can order fresh food from their couch from Amazon and expect to pick up groceries at the door in a matter of hours.

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Amazon CEO Jeff Bezos has already trained Wall Street to expect that little he does will turn a profit for years, so don’t expect Prime Fresh to make much money. At least for now. This move continues Amazon’s assault on retail, where even giants like WalMart and Costco…

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