/ E-Retailers

Amazon hits record Q1 net sales of $1.5 billion

With a boost from the test of its new Jewelry Store, Amazon’s Q1 net sales rose 41% year-to-year to $1.53 billion from $1.08 billion. Despite tight margins on jewelry, Q1 net income rose to $111 million from a year-ago loss of $39 million, Amazon said.

Posted 04/23/2004Paul DemeryPost a comment

/ E-Retailers

Amazon posts first full-year net profit of $35 million; sales up 36%

Amazon posted its first full-year net profit of $35 million last year with a fourth-quarter boost of $73 million. Net sales for the year rose 36% to $5.3 billion. CEO Jeff Bezos thanks free-shipping, low prices and an expanded product line.

Posted 01/28/2004Paul DemeryPost a comment

/ Technology

Amazon launches a web services subsidiary aimed at retailers

Amazon launched a new subsidiary, Amazon Services Inc., to sell the technology and services that power Amazon.com to other retailers seeking e-commerce systems.

Posted 06/10/2003Kurt PetersPost a comment

How to go from 100 to 1.5 million units per day

Arriving at the stage on a Segway--“available only at Amazon”--Jeff Bezos shares Amazon’s peaks and pratfalls as Retail Systems show’s keynote speaker. Bezos expects e-commerce to eventually account for 10% of retail sales.

Posted 06/10/2003Kurt PetersPost a comment

/ E-Retailers

Amazon has another strong quarter

Third quarter sales at Amazon.com Inc. grew 33% to $851 million from $639 million in the third quarter of 2001.

Posted 10/25/2002Kurt PetersPost a comment

/ E-Retailers

Amazon’s Q2 sales are up 21% over Q2 last year

Net sales at Amazon.com Inc. reached $806 million in the second quarter, up 21% from $668 million in the second quarter 2001, Amazon reports.

Posted 07/24/2002Kurt PetersPost a comment

Amazon quietly signs deals with more retailers to run their web sites

Amazon is developing relationships with 30 catalogers and other retailers, most undisclosed, to run their web sites in arrangements similar to the ones it has with Toys R Us and Target.

Posted 06/12/2002Kurt PetersPost a comment

Amazon’s new interactive special offers force customers to decide now

Amazon.com Inc. is testing a new personalized marketing effort that presents special offers to customers but requires them to buy within 60 minutes. If they reject the offer, they can’t get it back.

Posted 06/11/2002Kurt PetersPost a comment

/ E-Retailers

Amazon Stock Soars on Forecast of Narrowing Losses

Wall Street rewarded Amazon.com for its assurances that the company is on a path to profitability, raising the Web superstore's share price 18% in trading early Thursday. Though Amazon posted its worst loss to date on Wednesday, it also reported record revenues and announced that losses should narrow significantly by year's end. The Internet giant lost $185 million, or 55 cents per share, on sales of $676 million during the fourth quarter of...

Posted 01/19/2001Don DavisPost a comment

Amazon, Drugstore.com In Pact

Amazon.com and drugstore.com have announced a multi-million dollar agreement to integrate shopping features and create a drugstore.com shopping "tab"at Amazon.com. Under the agreement, Amazon.com will receive $105 million over three years. In exchange, Amazon.com will make an additional $30 million investment in drugstore.com, bringing its total stake to nearly 28% of the outstanding drugstore.com common stock, upon closing of the transaction....

Posted 01/19/2001Don DavisPost a comment