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AMAZON.COM, INC.

(AMZN)
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Real-time Estimate Cboe BZX  -  01:48 2022-09-27 pm EDT
113.87 USD   -1.11%
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Amazon to charge extra fee to certain sellers during holiday season

08/16/2022 | 02:09pm EDT
FILE PHOTO: Logos of Amazon and Amazon Prime are pictured on vehicles outside the Amazon Fulfilment Centre in Altrincham

(Reuters) - Amazon.com Inc said on Tuesday it would charge an additional fee to certain sellers during the upcoming holiday season to offset rising costs of labor and logistics.

A fee of 35 cents per item will be charged on goods sold via Amazon's warehouse and logistics network in the United States and Canada from Oct. 15 through Jan. 14, the company said in an emailed statement.

"We have previously absorbed these cost increases, but seasonal expenses are reaching new heights," Amazon said.

Inflation is posing severe challenges to the U.S. retail landscape by driving up costs of labor and transportation, while forcing consumers to pull back on spending.

Amazon, which had hiked prices for its Prime service by 17% in the United States in February, said in July that it was slowing down warehouse openings to rein in costs.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Anil D'Silva)


© Reuters 2022
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Analyst Recommendations on AMAZON.COM, INC.
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Financials (USD)
Sales 2022 522 B - -
Net income 2022 519 M - -
Net Debt 2022 25 179 M - -
P/E ratio 2022 3 358x
Yield 2022 -
Capitalization 1 173 B 1 173 B -
EV / Sales 2022 2,30x
EV / Sales 2023 1,94x
Nbr of Employees 1 608 000
Free-Float 85,8%
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Technical analysis trends AMAZON.COM, INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 50
Last Close Price 115,15 $
Average target price 173,57 $
Spread / Average Target 50,7%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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