{"id":3634,"date":"2018-10-25T21:52:35","date_gmt":"2018-10-25T21:52:35","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/amazon-slides-on-christmas-sales-slowdown\/"},"modified":"2018-10-25T21:52:35","modified_gmt":"2018-10-25T21:52:35","slug":"amazon-slides-on-christmas-sales-slowdown","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/amazon-slides-on-christmas-sales-slowdown\/","title":{"rendered":"Amazon slides on Christmas sales slowdown"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"An employee works to stow items in robot-carried shelving systems at the Amazon fulfillment center in Kent, Washington, U.S., October 24, 2018.\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/A643\/production\/_104036524_hi050178297.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Reuters<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">A disappointing sales forecast for the Christmas season sent Amazon shares down more than 5% in after-hours trading in New York.<\/p>\n<p>The online giant said it expected year-on-year sales growth of 10% to 20% for the three months to 31 December.<\/p>\n<p>That would be a marked slowdown from the 29% jump in sales for the most recent quarter to $56.6bn.<\/p>\n<p>Amazon also made record profits of $2.9bn in the period, compared with $256m last year.<\/p>\n<p>That marked a fourth consecutive quarter of more than $1bn in profit for the Seattle-based company and came despite a 21% rise in operating expenses.<\/p>\n<p>Amazon&#8217;s profit surge has been partly driven by divisions outside its extensive retail operation.<\/p>\n<p>Revenue from AWS, its cloud services business, increased 46% year-on-year to nearly $6.7bn for the quarter to 30 September. <\/p>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Reuters<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>&#8220;Other&#8221; revenue &#8211; a category that primarily includes the firm&#8217;s advertising business &#8211; jumped 122% to almost $2.5bn.<\/p>\n<p>Retail remains the firm&#8217;s biggest source of revenue, with the strongest growth in North America.<\/p>\n<p>Online sales totalled more than $29bn in the quarter, 10% higher than from last year. <\/p>\n<p>Its physical retail locations &#8211; most of them associated with the Whole Foods grocery chain the firm acquired last year &#8211; brought in about $4.2bn<\/p>\n<p>Amazon expects sales in the fourth quarter between of $66.5bn and $72.5bn. <\/p>\n<p>After ending 7% higher, shares fell more than 8% in after-hours trading in New York. Amazon stock has jumped nearly 40% this year.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45986319\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Reuters A disappointing sales forecast for the Christmas season sent Amazon shares down more than 5% in after-hours trading in New York. The online giant said it expected year-on-year sales growth of 10% to 20% for the three months to 31 December. That would be a marked slowdown from the 29% jump in &hellip; <\/p>\n","protected":false},"author":0,"featured_media":3635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3634"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3635"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}