Amazon.com Posts $7 Million Loss in Q2
July 26, 2013,
SEATTLE-Rising costs offset significant gains in sales to drive Amazon.com to a $7 million net loss in its second quarter, as opposed to net income of $7 million in the second quarter of last year.
Total operating expenses in dollars were up 36.3 percent in the quarter, which ended on June 30. As a percentage of sales, operating expenses gained 288 basis points to finish the quarter at 28.1 percent. Most of the expenses gains occurred in fulfillment and technology and content, which experienced increases of 35.5 percent and 46.6 percent, respectively.
Net sales jumped 22.4 percent to $15.7 billion, including an increase of 18.2 percent in product sales. Jeff Bezos, Amazon's founder and CEO, said digital products such as the Kindle, Kindle Fire HD and their accessories, and digital content led the way on the top line.
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.