Speedy delivery hits Amazon's bottom line

Updated 26 Oct, 2019

Cost of sales at Amazon leapt about 33 percent, eating into net income, according to the earnings report. Amazon has been pushing to deliver packages more quickly, promising a wide selection of items to arrive within a day of being ordered by members of its Prime subscription service. "We are ramping up to make our 25th holiday season the best ever for Prime customers - with millions of products available for free one-day delivery," said Amazon chief executive Jeff Bezos in the earnings release.

Copyright Agence France-Presse, 2019

Read Comments