The Top 500 apparel chain plans to expand its reserve online, pick up in store program, as well as its presence in China.
Amazon’s North American sales grow 13% in the second quarter
The e-retailer’s global sales totaled $4.65 billion in Q2, a 14% gain. If not for the unfavorable impact of foreign exchange fluctuations the rise would have been 20%. Amazon projects worldwide sales will grow between 11% and 23% in the third quarter.
Managing Editor, International Research
Amazon.com Inc. again shrugged off the recession in the second quarter.
- Amazon’s North American sales through its U.S. and Canadian e-commerce sites totaled $2.45 billion in the quarter, up 13% from the same quarter a year ago.
- Worldwide sales increased 14% from $4.06 billion to $4.65 billion, and the increase would have been 20% were it not for the unfavorable impact of foreign exchange fluctuations, Amazon says.
- Amazon, No. 1 in the Internet Retailer Top 500 Guide, projects third quarter worldwide sales of between $4.75 billion and $5.25 billion, which would represent year-over-year growth of between 11% and 23%.
- Net income for the quarter decreased 10% to $142 million from $158 million in Q2 last year. Net income was reduced by a $51 million payment to Toysrus.com LLC to settle a lawsuit, an agreement announced last month.
- Media sales-books, music and videos-grew 1% in the quarter to $2.44 billion. Other merchandise sales grew 35% to $2.07 billion.
- The number of merchants utilizing the Fulfillment by Amazon service, in which Amazon ships items on behalf of merchants that sell on its e-commerce platform, was more than triple the number in the second quarter of 2008, and the service has shipped more items in the first half of 2009 than it did in all of 2008.