(Bloomberg) -- Amazon.com Inc. will spend $800 million in the current quarter to increase delivery speed for Prime members to one day from two, the company announced Thursday.
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Chief Financial Officer Brian Olsavsky talked about the company’s plans during a conference call to discuss quarterly results. Amazon is stepping up its commitment to compete with brick-and-mortar rivals like Walmart Inc. that are increasingly making deliveries from stores.
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Amazon is trying to further differentiate its Prime subscription program, which charges customers monthly and annual fees in exchange for delivery discounts and access to music and video programming.
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