Amazon grew sales by 40% in North America in the 4th quarter of 2020, 57% internationally, and its AWS division grew 28%, for consolidated sales growth of 44% (or 42% currency neutral). Amazon announced financial results for its fourth quarter ended December 31, 2020 and full-year results, as well as making a bombshell announcement that its founder Jeff Bezos would be stepping down from his...
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Amazon delivered a mic-drop 4Q19, which has triggered the stock to climb 15% in the past month alone. Despite recent performance having topped expectations by a mile, I believe Amazon’s longer-term prospects are what’s most enticing. While AMZN is far from being a value stock, multiples seem reasonable enough to justify owning shares at current levels. Retail and cloud giant Amazon (AMZN) had quite a...
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Amazon have announced in their fourth quarter that sales are up 21% to $87.4 billion. Operating cash flow increased 25% to $38.5 billion for the trailing twelve months. Third-party seller services have accelerated Over the last year Third-party seller services have seen considerable growth. They have risen from 23% in Q1 to 31% in Q4, if you’re a third party seller and you’re not seeing...
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Cyber Monday was “once again the single biggest shopping day in the company’s history, based on the number of items ordered worldwide,” Amazon said in a press release on Tuesday. The announcement came amid Adobe’s report of record Cyber Monday sales of $9.4 billion in wider retail. The e-commerce giant avoided specifics in noting, for example, that it sold “tens of millions of toys” (“more...
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The decision Nike (NYSE:NKE) made to sever its official sales relationship with e-commerce giant Amazon.com (NASDAQ:AMZN) was jarring, but not necessarily surprising. It’s the world’s biggest online-selling platform, yet this partnership was often seen as strained and unfruitful. Amazon never fully quelled competition from counterfeiters, and the cooperation never appeared to be a game-changing revenue driver for Nike. Nike’s new technology-minded CEO all but assured...
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Last week’s Prime Day (July 15-16) marked Amazon’s biggest shopping event in its history with sales surpassing those of Black Friday and Cyber Monday, according to the e-commerce retailer giant. Declaring the news, the company sold more than 175 million items online over the 48-hour event, overtaking the £100 million items sold during last year’s event. Some of these items included headphones, laptops, TVs, luxury...
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Amazon’s two-day Prime Day extravaganza has come and gone, but the takeaways go far beyond the fact that it drew a record number of Prime members who bought more than 175 million items, beating Amazon’s combined Black Friday and Cyber Monday business. Nor was it a surprise that Prime Day officially became the Black Friday of the summer, with rivals from Walmart to Best Buy...
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We should have seen it coming. Jeff Bezos always had a master plan and it always involved so much more than just being a business that sold stuff. With its planned moves, reported yesterday, to purge thousands of smaller vendors from its core business and relegate them to the sidelines through its Marketplace format, Amazon seems to be telling the world it’s truly not a...
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Though the online retail giant had record profits in Q4 2018, Amazon’s Q1 revenue was projected to be between $56-$60 billion. That’s less than the $60.8 billion expected from Wall Street. The company offered weak guidance for Amazon’s Q1 profits because of higher wages for workers, expansion of cloud services, and opening of grocery stores. Amazon’s operating income is projected to be between $2.3-$3.3 billion, a surge of 21-74% year-over-year....
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Amazon will lower prices on more than 500 items sold at Whole Foods by Wednesday as the company looks to shake the company’s reputation for being a high-cost grocery option, according to documents viewed by the Wall Street Journal. Amazon is making the move amid increased competition from grocery stalwarts such as Walmart and Kroger, whose advertisements tout their low prices. Amazon purchased Whole Foods in 2017 for $14...
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