Whole Foods contributes to Amazon's enormous turnover increase | RetailDetail

Whole Foods contributes to Amazon's enormous turnover increase

Whole Foods contributes to Amazon's enormous turnover increase
Shutterstock

American Amazon’s third quarter turnover grew a lot once more, partially thanks to Whole Foods. This was the first time the chain’s turnover was added to Amazon’s overall turnover.

High costs

Amazon’s third quarter turnover grew 34 % to 43.7 billion dollars (38 billion euro). Slightly more than 1 billion euro (1.3 billion dollars) came from supermarket chain Whole Foods. Amazon’s cloud division contributed 4.8 billion dollars (4.1 billion euro), another 34 %, albeit a slower growth pace than in the past quarters.

 

Amazon’s operational profit did slump 40 % to 347 million dollars (300 million euro) because of several sizeable investments. It also added 160,000 employees, although a bite more than half of those came from Whole Foods. It did increase its net profit slightly, from 252 million dollars to 256 million dollars (220 million euro).

 

For its fourth quarter Amazon intends another turnover growth, to a range between 56 and 60.5 billion dollars (48 to 52 billion euro), which would essentialy be another 28 to 38 % turnover increase compared to the year before.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Record results for Henkel

22/02/2018

German Henkel experienced a strong 2017, with record numbers for both its profit and turnover. The company managed to surpass the 20 billion euro turnover milestone for the first time.

Merger paid off for Fnac Darty

22/02/2018

French entertainment and electronics retailer Fnac Darty, the group which owns Belgian Vanden Borre and Dutch BCC, experienced a “solid 2017”, with a nearly 40 % turnover increase.

American chains consolidate to fight Amazon

21/02/2018

American retailer Albertsons has acquired its competitor Rite Aid, after the latter had already sold a series of stores to Walgreens. The acquisitions are mainly a reaction to Amazon and other online players’ onslaught.

Colruyt joins PostNL's grocery service

20/02/2018

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.

Chanel acquires stake in online retailer Farfetch

19/02/2018

French fashion label Chanel obtained a minority stake in British Farfetch. It wants to use the online retailer’s expertise to create more digital innovations for its own customers.

Monoprix wants to acquire web shop Sarenza

19/02/2018

Store chain Monoprix, part of French Groupe Casino, entered negotiations to acquire online shoe seller Sarenza, one of France’s prime online brands.

Back to top