Amazon.com (NASDAQ:AMZN) has launched a U.K. Parcel Delivery Program.

Amazon.com Launches UK Delivery Program

Amazon.com (NASDAQ:AMZN) will soon begin delivery parcels to its U.K. online customers at nearly 5,000 convenience stores through collection network CollectPlus.

Michael Harvey, chief operating officer for ecommerce solutions company CorraTech, said that, “Amazon.com (NASDAQ:AMZN) clearly will have a huge impact on CollectPlus, which is adding more than 1,000 affiliated locations a year in the U.K. One could imagine people in Manhattan being perfectly happy to swing by their local pharmacy to pick up their Amazon.com (NASDAQ:AMZN) deliveries on their way home. This would also save a lot of delivery cost for Amazon.com (NASDAQ:AMZN) who now doesn’t have to have couriers get into apartment buildings and up and down elevators to make deliveries.”

Amazon.com (NASDAQ:AMZN) stocks were at 240.35 at the end of the last day’s trading. There’s been a 12.8% movement in the stock price over the past 3 months.

Amazon.com (NASDAQ:AMZN) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 7 out of 18 in the industry