Retail Industry
Industry: Email Alert RSS FeedVideo emerges from Amazon river of red.
Video Business, February, 2001 by Villa, Joan
Amazon.com CEO Jeff Bezos promised profitability by the fourth quarter of this year amid massive layoffs and a widening loss in the company's latest financial reporting period. During a Jan. 30 conference call with analysts, Bezos admitted the e-tailer's focus on product expansion during 2000 came at the expense of its core books, music and video group, the only profitable segment for the fourth quarter and year.
He claimed the move has "proven a great trade made at the right time" because the new products tested Amazon's business model, giving the company valuable knowledge about the online purchasing habits of consumers. "We have now validated that people will buy non-media products from Amazon.com," Bezos said. However, Amazon...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
