Amazon Explores Service That Could Reduce Its Capex

Amazon.com Inc AMZN tested a service using its sprawling network of gig drivers to fetch packages from mall-based retailers and deliver them to customers, Bloomberg reports.
Amazon can entertain shoppers seeking same-day or quicker shipping with a local mall store products struggling to remain relevant as shoppers flocked online.
The program will likely become a permanent part of Amazon’s delivery options, helping it expand the variety of goods for fast shipment.
Building its own logistics operation helped supercharge Amazon’s growth, but it came at a cost.
Delivering from other retailers’ stores could require Amazon to build fewer expensive, urban depots.
Amazon reported its first quarterly loss in seven years due to pandemic recovery and acknowledged being overstaffed and having an excess of warehouse space.
Walmart Inc WMT and Target Corp TGT use gig-economy drivers to deliver some items from their shelves.
Price Action: AMZN shares traded lower by 1.36% at $2,117.65 on the last check Friday.