/ E-Retailers

Amazon’s North America sales grow 31% in first quarter despite weak economy

Global sales were up 37% in the first quarter over the same period a year ago, and the online retail leader projects full-year growth of 29% to 35%. The company may benefit from more consumers turning to Amazon seeking low prices, analysts say.

Posted 04/24/2008Don DavisPost a comment

/ E-Retailers

Amazon apologizes to shoppers for kindling sales of Kindle it can’t ship

With customer demand for Kindle building, Amazon on March 21 took the unusual step of posting a letter to customers apologizing for the delay in stocking and shipping its new online reading device.

Posted 03/26/2008Mark BrohanPost a comment

/ E-Retailers

Steady expenditures and a knack for niches propel Amazon’s growth

Amazon.com didn’t achieve record profits in 2007 by virtue of just being the biggest kid on the block. Rather Amazon grew its annual net income by 150% in 2007 to $476 million by finding new and better ways to sell even more merchandise to customers.

Posted 02/06/2008Bill BriggsPost a comment

/ E-Retailers

Amazon’s Q3 net income shoots up 321%

Amazon.com just keeps pushing ahead. Amazon’s Q3 sales grew year over year by 41% to $3.26 billion from $2.31 billion while net income jumped to $80 million from $19 million.

Posted 10/24/2007Mark BrohanPost a comment

/ E-Retailers

Amazon.com Q2 net income shoots up 255%

Harry Potter helped Amazon.com record a solid second quarter financial performance with net income rising by 255% and net sales up by 35%. Amazon received advance orders for more than 2.2 million copies of “Harry Potter and the Deathly Hallows.”

Posted 07/25/2007Bill BriggsPost a comment

/ E-Retailers

Amazon keeps its sales machine in high gear

Amazon.com keeps churning out the sales, with 2006 revenue rising by 26%. But 2006 net income declined by 47% as the world’s largest retailer continues to spend heavily on new content and technology.

Posted 02/02/2007Kurt PetersPost a comment

Amazon.com sells more than 4 million items on peak holiday shopping day

Amazon.com Inc. sold more than 4 million items on Dec. 11, the busiest shopping day of its best ever shopping season, the retailer says. On that day, Amazon’s worldwide fulfillment network shipped more than 3.4 million units.

Posted 12/26/2006Mark BrohanPost a comment

/ E-Retailers

Amazon chips in Wikia financing

Wikia has obtained undisclosed financing via a strategic investment from Amazon.com Inc. With the funds, Wikia expects to expand its range of topics and serve new Internet communities around the world, says founder and chairman Jimmy Wales.

Posted 12/13/2006Mark BrohanPost a comment

/ Technology

Amazon programs will allow customers to buy online access to books

Amazon.com is developing two programs that will enable customers to purchase online access to any page, section, or chapter of a book, or an entire book. The programs will build on Amazon’s two-year-old Search Inside the Book technology.

Posted 11/10/2005Paul DemeryPost a comment

/ E-Retailers

Amazon reports second quarter sales growth of 26%, though profit slips

For the second quarter of 2005 sales totaled $1.75 billion at Amazon.com, up 26% from second quarter sales of $1.39 billion in 2004.

Posted 07/26/2005Kurt PetersPost a comment