Amazon considers new subscription programs: Report
Daria Nipot
Amazon.com (NASDAQ:AMZN) is considering new subscription programs in grocery and healthcare, Insider reported.
Shares dropped 0.6% on Monday.
The proposals include standalone memberships for grocery and healthcare offerings, and a potential integration of One Medical's primary care service with Prime, the website reported, citing people familiar with the matter.
The company may introduce the new subscription plans by the end of this year, though new programs could increase membership fees and make it too costly for some people.
The e-commerce retailer is struggling to attract younger customers and low-income households to use its Prime membership program, Insider reported.
For the second quarter, net sales increased 11% to $134.4B from a year earlier.
Amazon Prime raised its price to $139 a year in the U.S. last year and has more than 200 million members globally. Subscription revenue grew 14% to $9.89B in the second quarter from a year earlier.
AMZN is up more than 62% year-to-date.

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