<ul><li>During a leaked internal meeting, Amazon's retail CEO Doug Herrington revealed that sales of cheaper items on Amazon are surging.</li><li>The growth of cheap items is driven by faster delivery speeds, as people tend to spend more and shop more frequently when orders arrive quickly.</li><li>Amazon has regionalized its delivery network, resulting in over 50% of everyday essentials being delivered on the same or next day.</li><li>The company's shift towards offering cheaper products with faster delivery is aimed at boosting customer loyalty and competing against Chinese e-commerce upstarts.</li></ul>

In leaked internal meeting, Amazon retail chief says sales of cheaper items are surging

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