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Amazon sales growth slows in tame start to Jassy s tenure as CEO - Netscape Money & Business

Amazon sales growth slows in tame start to Jassy s tenure as CEO By Jeffrey Dastin and Nivedita Balu Reuters (Reuters) -Amazon.com Inc on Thursday said sales growth would slow in the next few quarters as customers venture more outside the home, a tepid start to CEO Andy Jassy s reign after 27 years with Jeff Bezos at the retailer s helm. Spending growth by Prime members, Amazon.com s most valuable customers, has eased as well, the company said. Shares fell 7% in after-hours trade. More than a year into the COVID-19 pandemic, Amazon s financial luster is fading slightly. When brick-and-mortar stores closed, Amazon posted record profits, drew more than 200 million Prime loyalty subscribers, and recruited over 500,000 workers to keep up with surging demand.

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