Amazon Launches Grocery Service, AmazonFresh Pickup

By Tonya Garcia Markets MarketWatch Pulse

Amazon.com Inc. announced Tuesday that it is launching AmazonFresh Pickup, a grocery service that's free for Prime members. Customers place their grocery orders online and can have them ready for pickup in 15 minutes or more and brought to a customer's car. Orders have no minimum threshold. AmazonFresh Pickup, which is currently in beta for employees, is available in two Seattle locations. Amazon shares are up 0.5% in Tuesday trading, and up 46.8% for the past year. The S&P 500 index is up nearly 15% for the last 12 months.

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