Amazon's CFO gave a 5-minute earnings call intro on a 'gut-wrenching' 2 months scrambling to address demand spikes and worker safety
All of these issues, however, are having little impact on Amazon's top-line growth. Amazon'sfar exceeded street expectations, as more people shopped online during the outbreak. But the increased demand is weighing on Amazon's costs, as it needs to hire more people and spend on additional logistical measures to meet the demand.
I'd like to give you some insight into what we have seen in Amazon and how we are responding to this crisis. Beginning in early March, we experienced a major surge in customer demand, particularly for household staples and other essential products across categories such as health and personal care, groceries and even home office supplies. At the same time, we saw lower demand for discretionary items such as apparel, shoes and wireless products.
We increased grocery delivery capacity by more than [ 60% ] and expanded in-store pickup at Whole Food stores from over -- from 80 stores to more than 150 stores. And other Amazon team shifted their focus to directly helping customers in the overall effort to fight the COVID virus.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Amazon, Walmart, Target workers to strike over COVID-19 working conditions - Business InsiderAn unprecedented coalition of workers from Amazon, Walmart, FedEx, Target, Instacart, and Whole Foods are going on strike over pandemic working conditions
Consulte Mais informação »
Amazon Helps America Reopen With A Huge White House Order Of $13 Million COVID-19 ThermometersAmazon order comes as Trump spends big to get America open again.
Consulte Mais informação »
Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profitAmazon.com Inc on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with protective gear, and paying higher wages.
Consulte Mais informação »
Amazon says it's spending over $4 billion on COVID-19 protections - Business InsiderAmazon says it's spending $4 billion or more this quarter on COVID-19 including worker protections like testing, right before workers plan to strike
Consulte Mais informação »
Amazon Reports Mixed Q1 Results As Jeff Bezos Vows Massive COVID Response: “We’re Not Thinking Small”Amazon, whose operations have been put to an extreme test during the coronavirus outbreak, posted mixed first-quarter earnings. Founder and CEO Jeff Bezos issued a remarkably assertive statement al…
Consulte Mais informação »
Facebook CFO David Wehner says ad revenue outlook 'really uncertain' amid pandemicFacebook shares jumped in after-hours trading Wednesday after the company announced mixed first-quarter results.
Consulte Mais informação »