Around the Net
Amazon Profit Declines Due To Quick Delivery Push
- Bloomberg, Friday, October 25, 2019 7:50 AM
Amazon’s quest to deliver packages in one day is taking its toll on the bottom line. The retail giant experienced its first year-over-year quarterly profit decline since early 2017. “The spending binge isn’t over,” according to Bloomberg. “Amazon Chief Financial Officer Brian Olsavsky said Thursday that the costs of the company’s one-day delivery push will total some $1.5 billion during the holiday quarter.”
