THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omni Channel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Amazon forecasts weaker Christmas sales

Amazon saw its shares plummet on Thursday after it forecast weaker than expected sales over the Christmas trading period. In its third quarter ending 30 September,… View Article

GENERAL MERCHANDISE

Amazon forecasts weaker Christmas sales

Amazon saw its shares plummet on Thursday after it forecast weaker than expected sales over the Christmas trading period.

In its third quarter ending 30 September, the online retail giant increased its net sales to $127.1 billion from $110.8 billion at the same time last year.

While sales in North America grew by 20%, international sales saw a 5% decline.

The company is expecting its fourth quarter revenue to come in at between $140 billion and $148 billion to mark growth of 2% to 8% as shoppers look to rein in their Christmas spending in the face of economic uncertainty.

Amazon chief executive Andy Jassy said in a statement: “There is obviously a lot happening in the macroeconomic environment, and we’ll balance our investments to be more streamlined without compromising our key long-term, strategic bets.

“What won’t change is our maniacal focus on the customer experience, and we feel confident that we’re ready to deliver a great experience for customers this holiday shopping season.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News