Amazon shares plummet after dismal sales forecast(ft.com)
ft.com
Amazon shares plummet after dismal sales forecast
https://www.ft.com/content/21549840-3641-4a36-95c0-efb79b7f0391
5 comments
It’s really painful to search on Amazon you get pages of off aliexpress garbages unless you select just the exact search terms. Even then after like 3-4 items it switches to a random knock off. I searched for a specific watch battery and by item 4 it was no longer even the same battery style wtf.
A lot of times, my more specific searches will show maybe 4 results or less and then they just start showing "you may be interested in" results that have nothing to do with what I am searching but are related to things I bought in the past.
Got themselves to blame.
They gave up on prime deliveries arriving in two days sometime last year and they raised the price of Prime. Maybe they think I'm going to stay subscribed to Prime out of inertia and keep buying stuff from AMZN out of inertia but it isn't so.
I'm not going to accept any excuse about why AMZN can't do 2 day delivery anymore because every other online retailer (Walmart, Target, BestBuy, Adorama, Office Depot) sees fast shipping as a way to impress me. Even Ebay orders from Japan get to me faster than AMZN orders.
It adds insult to injury that, at about this time, AMZN announced they'd have same day and 1-day delivery to a few anointed urban areas. Like where my congressman lives in Washington, DC and where people who work in the media in New York and Los Angeles live.
They'll be writing about this one in business school case studies for a long time.
They gave up on prime deliveries arriving in two days sometime last year and they raised the price of Prime. Maybe they think I'm going to stay subscribed to Prime out of inertia and keep buying stuff from AMZN out of inertia but it isn't so.
I'm not going to accept any excuse about why AMZN can't do 2 day delivery anymore because every other online retailer (Walmart, Target, BestBuy, Adorama, Office Depot) sees fast shipping as a way to impress me. Even Ebay orders from Japan get to me faster than AMZN orders.
It adds insult to injury that, at about this time, AMZN announced they'd have same day and 1-day delivery to a few anointed urban areas. Like where my congressman lives in Washington, DC and where people who work in the media in New York and Los Angeles live.
They'll be writing about this one in business school case studies for a long time.
I don’t know where you are but most of my deliveries are next day, sometimes same day, the rest are indeed 2 days. Not defending Amazon just saying that it’s not the same across the board.
Edit: nvm didn’t read the last part. But I don’t live in a super big urban area either, weird
Edit: nvm didn’t read the last part. But I don’t live in a super big urban area either, weird
I still think it's amazing, buy a bunch of random sh* and it arrives in your locker (in my case). Yeah I generally get 2 days too. Recently noticed these little yellow/green stickers, in particular on a delayed set.
> It adds insult to injury that, at about this time, AMZN announced they'd have same day and 1-day delivery to a few anointed urban areas.
For what it's worth, I live in a suburb of Cincinnati (thirty minutes from downtown) and I have 1-day delivery. I have to meet a $25 minimum or else pay $3, but the option is there. It feels strange to me that thirty minutes outside urban Cincinnati would be an "anointed urban area".
For what it's worth, I live in a suburb of Cincinnati (thirty minutes from downtown) and I have 1-day delivery. I have to meet a $25 minimum or else pay $3, but the option is there. It feels strange to me that thirty minutes outside urban Cincinnati would be an "anointed urban area".
Where do you live? (Just curious)
Not surprised.
Over the last several months I have consciously been avoiding my knee-jerk of ordering from Amazon and going to Costco instead, after a few price comparisons convinced me how much more affordable Costco prices are.
I’m sure I’m not alone in this. Anecdotally noticing huge crowds at Costco.
Over the last several months I have consciously been avoiding my knee-jerk of ordering from Amazon and going to Costco instead, after a few price comparisons convinced me how much more affordable Costco prices are.
I’m sure I’m not alone in this. Anecdotally noticing huge crowds at Costco.
Officially a recession folks. No amount of arguing is going to change that fact.
The GDP figures out today show the economy growing at 2.6% annualised.
Do you feel like it's growing?
Very low unemployment. Seems to be growing to me.
How much do you want to bet that we're entering a recession?
There's dozens of markets where you can bet everything you own on that already. If you really are confident enough as your words imply, I suggest you do so.
The economy is growing and US unemployment is at 50 year lows, that is clear fact and not speculation.
The economy is growing and US unemployment is at 50 year lows, that is clear fact and not speculation.
Amazon Q4 revenue is only expected to grow 2-8% from the already massive covid increase of last year. And Q3 online store revenue is up only 7%. What a disaster.
Not officially yet, but raising interest rates to tame inflation creates a high risk for a recession.