Increased turnover, decreased losses for Amazon | RetailDetail

Increased turnover, decreased losses for Amazon

Increased turnover, decreased losses for Amazon

 Amazon has managed to grow its turnover tremendously in the third quarter. The 24 % increase was larger than expected, but failed to lift the online retailer out of the red. Amazon still has to take a loss of 41 million dollars (30 million euro).

Unexpectedly large turnover

A 17.09 billion dollar (12.4 billion euro) turnover in the third quarter of 2013 was quite a bit higher than analyst expectations of 16.69 billion dollars (12.1 billion euro). The loss incurred was lower than expected and more importantly, a whole lot better than the 274 million dollar (199 million euro) drumming Amazon received last year.


Amazon expects the growth to continue into the fourth quarter: this festive, and financially important, quarter should result in a 23.5 to 26.5 billion dollar turnover (17 to 19 billion euro), according to Amazon. Analysts are expecting a 25.9 billion dollar turnover (18.8 billion euro).


No more negative quarters?

It is the third quarter in a row Amazon has had to endure a net loss, but it is working on solution, Amazon has stated. An increase in the amount of Kindle products and its cloud services should help, while additional logistics centres should decrease shipment costs. These centres should also help Amazon lowering costs as they use more efficient robots.


The stock market did not seem to have an issue with Amazon’s losses, because the revelation of the numbers resulted in a 9.6 % spike for Amazon’s share on the New York Stock Exchange.



(Translated by Gary Peeters)

Questions or comments? Please feel free to contact the editors

German Otto Group continues to soar


German online company Otto Group saw its turnover grow 10.9 % to 7.76 billion euro in the past fiscal year. The former mail order company will continue to invest in start-ups and technology.

Decent profit increase for


Chinese online retailer has grown strongly in 2017: turnover grew nearly 50 % and it was profitable again. The company also expects to exceed a 30 % growth pace in 2018’s first quarter.

Rakuten ditches Priceminister brand


Rakuten has decided to get rid of its French brand Priceminister and absorb it into Rakuten, similar to what it did tot British acquires Eastern European competitors


Fast food supplier acquired its Bulgarian competitor BGmenu and its Romanian competitor Oliviera in yet another step towards its goal of being the European market leader.

Colruyt joins PostNL's grocery service


The mailman will deliver groceries every two weeks from now on: PostNL will collaborate with new grocery service Stockon in the Netherlands. A remarkable fact is that its private label brands are Boni, which is Belgian supermarket chain Colruyt’s private label.

Strong growth for Chinese e-commerce once again


There was another strong increase in the Chinese online market last year: compared to 2016, it achieved an astonishing 32 % growth. In that regard, China is performing exceptionally online.

Back to top