Tag Archives: Amazon.com

Amazon Q1 Net Jumps 31.7 Percent

Amazon

SEATTLE-Riding on the back of healthy gains in sales, Amazon.com reported an increase of 31.7 percent in its first-quarter net income, to $108 million. Total net sales in the quarter, which ended on March 31, were $19.7 billion, up 22.8 percent over the first quarter of last year. Net product sales posted an 18.3 percentMore »

Amazon.com to Build Fulfillment Centers in Florida

Amazon.com

SEATTLE—Amazon.com plans to open two fulfillment centers, in Hillsborough County and Lakeland, Fla., each of which will measure more than 1 million square feet. The Hillsborough County location will focus on picking, packing and shipping smaller items such as books, electronics and consumer goods. The Lakeland location will work on larger products, such as kayaks,More »

Amazon.com Posts $7 Million Loss in Q2

Amazon

SEATTLE-Rising costs offset significant gains in sales to drive Amazon.com to a $7 million net loss in its second quarter, as opposed to net income of $7 million in the second quarter of last year. Total operating expenses in dollars were up 36.3 percent in the quarter, which ended on June 30. As a percentageMore »

Amazon Poised to Leap Into Top 10 U.S. Retailers

Amazon

NEW YORK-Amazon.com is on course to become the nation’s ninth largest retailer this year, according to a research report from KeyBanc Capital Markets. The Internet retailer ranked 11th among U.S. retailers last year. An executive summary of the report projected that Amazon’s U.S. retail sales will total $41 billion, which would propel it to ninth.More »