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Amazon's Plans E-mmediate Delivery
Editor in Chief
Amazon.com has invested $60 million in Internet-to-door delivery service (www.kozmo.com) Kozmo.com and plans to offer a one-hour delivery to customers in select markets.
Under the three-year alliance, Amazon customers will get one-hour deliveries of certain book, music and toy orders. The companies did not offer a timetable for launching the new service, and the pact does not hold Amazon to an exclusive with Kozmo.
"We're always looking for new ways to offer more choices to our customers, whether it's new products or new delivery options,'' said Joe Galli, president and chief operating officer of Amazon.com. "In a short time, Kozmo.com has developed a strong track record for meeting a unique customer need, and this agreement provides us a one-hour delivery option for the types of products that customers may want immediately.''
Kozmo.com, which is based in New York, provides consumers with a one-hour delivery service for entertainment and convenience products. It currently operates in New York, Boston, Washington, D.C., San Francisco, Seattle and Los Angeles.