Pilot Pen G2 Edge

Amazon chief financial officer Brian Olsavsky

Amazon’s sales growth slows in second quarter

Amazon’s sales growth slows in second quarter

SEATTLE — Amazon on Thursday reported net sales of $113.1 billion for the second quarter, an increase of 27% compared with the same period last year. That result fell short of analysts’ expectations, and the company’s stock fell in after-hours trading. Like many retailers, Amazon is facing tough comparisons with 2020, when the pandemic drove

Amazon to raise Prime subscription fees by 20%

Amazon to raise Prime subscription fees by 20%

SEATTLE — Amazon.com Inc. said Thursday that it would raise the annual subscription fee for its Prime members in the U.S. to $119 from $99, an increase of 20%. The announcement came as Amazon reported strong sales and earnings gains for the first quarter ended March 31. “We continue to increase the value of Prime,