Amazon chief financial officer Brian Olsavsky Archives

Amazon’s sales growth slows in second quarter

July 30, 2021 by MMR 2021 second quarter, Amazon, Amazon chief financial officer Brian Olsavsky Leading Headlines, Money, Retail News

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%

April 26, 2018 by MMR Amazon chief financial officer Brian Olsavsky, Amazon founder and CEO Jeff Bezos, Amazon Prime, Amazon Web Services, Amazon.com Featured Articles, Leading Headlines, Money, Retail News

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,