Amazon doubles deliveries in 2016

- Reuters, SEATTLE

Jan 6, 2017-

Amazon.com Inc shipped 50 percent more items this holiday season than last for third-party vendors and doubled the amount for 2016 overall, the retail giant said on Wednesday. The news offers new data points for investors who are hoping Amazon will post a profit for the fourth quarter when it announces results in the coming weeks. Seattle-based Amazon, known for its roller coaster results in years past, has forecast that operating income would range from nothing to $1.25 billion. Amazon, the world’s largest online retailer, has said the 2016 holiday was its best-ever shopping season. However, high spending on warehouses and video production are expected to drag on profits. More sellers are paying the company to store, pack and ship their goods through the Fulfillment by Amazon service. (REUTERS)

Published: 06-01-2017 09:36

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