Amazon.com net sales jump 29%

News

Amazon.com net sales jump 29%

Amazon.com has reported net sales of $1.46bn (£791bn) for its third fiscal quarter of 2004.

The sales results were up 29% from the year-ago third-quarter total of $1.13bn. Net income was $54m in the third quarter compared with net income of $16m in third quarter 2003.

Customer adoption of Amazon's free shipping hit a record level during the quarter, increasing the amount of money the company lost on shipping expenses, the company said. Amazon had a net loss of $41m in shipping for the quarter, up from $27m during the same quarter of 2003.

International sales for the company were up 52%, totalling $646m for the quarter, as the company added toy stores to its German and Japanese websites. Also during the quarter, Amazon acquired Joyo.com, which is the largest online retailer of books, music, and videos in China, according to Amazon.

Robert McMillan writes for IDG News Service


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy