Amazon sales exceed $100bn again
By Sophie Ladd | 30th July 2021
American online retail giant Amazon has exceeded $100bn in sales for the third quarter in a row, with profits of $7.8 bn for the last three months. Between April and June, it announced sales in excess of $113 bn, amounting to $1.4bn a day. This figure is much higher than the amount for the second quarter of last year, $88.9bn.
Amazon has fared so well during the pandemic year due to being one of the only retailers solely based online. As people were forced to stay inside, they continued their online shopping, much of which happened on Amazon's website.
The company's founder Jeff Bezos stepped down as CEO this month, being replaced by Andy Jassy.
Jassy said: "Thank you to all of our passionate, innovative, mission-driven employees around the world for continuing to stay focused on delivering for customers - I am very excited to work with you as we invent and build for the future,"
Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.