Temu splashes out on Super Bowl ads as interest on the Chinese e-commerce app fades among US shoppers
The number of Americans shopping on Temu is falling, and many users plan to shop less on the app, according to recent surveys.
Source: scmp.com
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Amazon Q4 sales beats estimates on cloud and ecommerce strength, shares rise, ET Retail
"Amazon was a clear winner in the 2023 holiday season, thanks to its commanding presence over an extended shopping period and a renewed emphasis on speedier delivery and essential categories prioritized by consumers," said Insider Intelligence senior analyst Sky Canaves. He forecast Amazon expanding its U.S. ecommerce market share this year.
Source: indiatimes.com
🔒 Amazon surges with strong sales and exceeds estimates
Amazon announced robust sales and exceeded operating income estimates, showcasing CEO Andy Jassy's cost-cutting strategies.
Source: biznews.com
Amazon Gains After Robust Sales, Strong Profit Outlook
AWS revenue increased 13% to $24.2 billion, with executives saying growth will accelerate this year.
Source: datacenterknowledge.com
Amazon Gains After Robust Sales, Strong Profit Outlook
(Bloomberg) -- Amazon.com Inc. reported strong sales and gave an operating income outlook that surpassed estimates, suggesting that Chief Executive Officer Andy Jassy’s unrelenting cost-cutting and focus on services that make money is reshaping the once free-spending company. Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoQQQ Up in Late Trading as Meta Soars, Apple Falls: Markets WrapApple’s
Source: yahoo.com