Trending Investment Opportunities
Advertisement
- Amazon.com Inc AMZN added to revenue streams ahead of the holiday season to counter inflationary headwinds and other costs amid pandemic recovery, the Wall Street Journal reports.
- Amazon passed on some costs to its e-commerce platform sellers and looked to hold a second deals event for Prime members.
- Amazon looks to add a “holiday peak fulfillment fee” from October 15 to January 14 to beat the higher operating costs during the holiday period as “seasonal expenses are reaching new heights.”
- Also Read: Amazon Succumbs To TikTok Fever After Meta, YouTube
- The new fee will likely increase costs for sellers in the U.S. and Canada by an average of $0.35 per item sold.
- In April, Amazon added a “fuel and inflation surcharge” to seller fees that averaged 5% of fulfillment costs.
- Amazon tried to curb costs by subleasing excess warehouse space, deferring construction of new facilities, renegotiating leases, and cutting the workforce.
- Bank of America Corp BAC saw the solid back-to-school shopping season alleviating slowdown concerns for Amazon.
- Price Action: AMZN shares traded lower by 2.12% at $135.30 in the premarket on the last check Monday.
- Photo by christian-wiediger via Unsplash
Loading...
Loading...
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.