On Thursday, July 26, Amazon reported its Q2 earnings and unsurprisingly exceeded investors’ high mid-year expectations. According to Amazon [R], net sales increased by 39% to $52.9 billion in Q2, compared to $38 billion in Q2 of 2017. Quarterly earnings were at $5.07 per share (and shares rose by 2% on Thursday night, after this . . .
On Thursday, June 21, the U.S. Supreme Court ruled in South Dakota vs. Wayfair that online retailers now have to pay state sales tax, which they previously had the luxury of avoiding (since a 1992 ruling) if they didn’t have a physical presence in the given state. States are now able to pass laws that . . .
FBA sellers, take note: Amazon launched an important update to Amazon Seller Central this past weekend (July 1), and it likely concerns your product inventory [R]. The company wants to free up some space within its fulfillment centers and eliminate constraints during major shopping seasons, so it’s introducing new storage fees for sellers, based on . . .
Did you hear? Amazon’s private label business was projected to boost revenues to $25 billion by 2022. Private label brands are actually the fourth most bought clothing or footwear ‘brand’ on the platform (they were beat out only by Nike, Under Armour and Hanes). $25 billion. That’s huge. And this obviously exciting news for shareholders . . .
As of this morning, June 15th, 2018 Donald Trump has announced some news that there will be tariffs on $50 billion worth of Chinese goods. He’s also said that if the Chinese retaliate even more tariffs can be put in place. “In light of China’s theft of intellectual property and technology and its other unfair . . .