by Peter Giannetti | Mar 23, 2023 | Retail Articles
Amazon circulated a statement internally that addressed the company decision to eliminate 9,000 more positions in the next few weeks on top of 18,000 layoffs previously announced. In the statement, CEO Andy Jassy noted: As part of our annual planning process, leaders...
by Mike Duff | Feb 3, 2023 | Retail Articles
In a fourth quarter when sales events prompted strong response, Amazon missed Wall Street earnings estimates while exceeding those for revenues, revealing in a conference call associated with its financial results announcement that it is reconsidering the Amazon Fresh...
by Mike Duff | Oct 28, 2022 | Featured News, Retail Articles
Amazon posted a third-quarter sales gain while indicating the need for cost-cutting in the North American retail business as earnings slip. Net income slipped to $2.87 billion, or 28 cents per diluted share, as compared to $3.16 billion, or 31 cents per diluted share,...
by Mike Duff | Jul 29, 2022 | Featured News, Retail Articles
Amazon fell short of second-quarter expectations as it continued working to cut costs and drive its Prime business. In the quarter that ended June 30, Amazon’s net loss was $2.03 billion, or 20 cents per diluted share, versus net earnings of $7.78 billion, or 76...
by Mike Duff | Jul 22, 2022 | Retail Articles
Customers awaiting their Amazon packages in major cities including Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle and St. Louis will begin seeing custom electric delivery vehicles from Rivian rolling to their homes. Amazon announced...
