The world’s biggest e-commerce retailer on Thursday reported sales and gave a forecast that fell short of expectations. Shares declined about 7% in extended trading after the results were released. It marked the first time Amazon had missed quarterly sales estimates since 2018.The Seattle-based company invested billions to operate through the pandemic while minimizing the spread of Covid-19 through its facilities and hiring hundreds of thousands of workers to meet crushing demand. New Chief Executive Officer Andy Jassy, who took the helm from founder Jeff Bezos on July 5, has to convince investors that Amazon continues to be a good long-term bet even though revenue growth is slowing and the company faces heightened scrutiny from regulators in the U.S. and Europe, its biggest markets.
Amazon pandemic bump fades as vaccinated shoppers leave home japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
Amazonâs pandemic bump fades as vaccinated shoppers venture out 4 min. 30.07.2021
Online rush slows down as consumers turn away from computers and revert to old shopping habits Online rush slows down as consumers turn away from computers and revert to old shopping habits Amazon boxes at a warehouse in Germany Photo credit: dpa
Amazon.com emerged as the essential store for homebound shoppers during the coronavirus pandemic, propelling its sales and profits to new highs. Now, the rush online is slowing down as vaccinated consumers peel away from computers and smartphones and revert to old habits like traveling and dining out.
Amazon sales to decelerate as pandemic high wanes aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.
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