Amazon.com Inc. (NASDAQ: AMZN) is considered one of the best American stocks to buy and hold for the next three years.
On October 1, Amazon announced the launch of a new private label brand, Amazon Grocery. This new brand brings together existing customer-favorite private labels, Amazon Fresh and Happy Belly, into one cohesive collection of grocery essentials.
The consolidation under Amazon Grocery aims to streamline the shopping experience and offer customers a wide range of quality grocery products in one place. This strategic move highlights Amazon’s continued commitment to expanding its footprint in the grocery market.
With this development, investors may find Amazon an attractive option for long-term growth given its innovative approach and strong market presence.
https://ca.finance.yahoo.com/news/amazon-launches-amazon-grocery-private-205458141.html