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Amazon.com Inc.

Amazon’s third quarter results beat expectations

Amazon’s third quarter results beat expectations

SEATTLE — Amazon.com Inc. reported third-quarter revenue and earnings that topped analysts’ forecasts, and the e-commerce giant said it expects fourth-quarter net sales to be between $160 billion and $167 billion, which would be an increase of between 7% and 12% compared with the fourth quarter of 2022. For the fiscal third quarter ended September

FTC and 17 states sue Amazon

FTC and 17 states sue Amazon

SEATTLE — The Federal Trade Commission and 17 state attorneys general filed a lawsuit against Amazon.com Inc. on September 26 alleging that the company is a monopoly that uses “anticompetitive and unfair strategies” that harm rivals and consumers and stifle innovation. “The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly

Amazon announces early holiday deals

Amazon announces early holiday deals

SEATTLE — Amazon.com Inc. announced Prime Big Deal Days, a holiday shopping event beginning October 10 and running through October 11. Amazon will make it easier for Prime members to find deals they’re interested in with personalized recommendations based on past purchases, browsing history, and items saved to their Lists. Prime members will have access

Amazon reports double-digit sales gains in Q2

Amazon reports double-digit sales gains in Q2

SEATTLE — Amazon.com Inc. reported net sales of $134.4 billion in the second quarter of fiscal 2023, an 11% increase compared to the same period in 2022 when net sales stood at $121.2 billion. Sales in North America totaled $82.5 billion for the quarter, up 11% versus the prior year period, while the company’s international sales

Amazon posts $3.8 billion net loss in first quarter

Amazon posts $3.8 billion net loss in first quarter

SEATTLE — Amazon.com Inc. recorded net sales of $116.4 billion in the first quarter of fiscal 2022, an increase of 7% versus the prior-year period. But that gain is the company’s smallest in years and compares to a 44% increase in last year’s first quarter. The company also had a net loss of $3.8 billion in

Amazon posts fourth quarter sales gains

Amazon posts fourth quarter sales gains

SEATTLE — Amazon.com Inc. reported strong sales and net earnings gains for the fourth quarter, beating analysts’ estimates. But the company’s forecast for first quarter sales growth fell short of analysts’ projections, and shares fell in early morning trading on Friday. Net sales increased 20% to $72.4 billion in the fourth quarter ended December 31. Net

Amazon expanding delivery via Whole Foods

Amazon expanding delivery via Whole Foods

SEATTLE — Amazon.com Inc. and its Whole Foods Market chain said Tuesday that they are expanding the delivery of natural and organic products from Whole Foods Market stores through Amazon’s Prime Now service in the greater Miami and New York metropolitan areas. Prime members in those cities can shop through online, or by using the Prime

Retailers enter untested waters

Retailers enter untested waters

Suddenly, without warning, mass retailing is experiencing a transformation without precedent — or, at the least, without precedent in this century. Within the space of days, Amazon.com Inc. has purchased Whole Foods Market Inc., an alliance that brings together two of the most fascinating retailers currently vying for business in America, while Walmart has entered

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