Amazon’s Q2 online retail sales beat forecast

Retail Dive

Amazon’s overhead costs of speedy delivery continued to grow in Q2, but CEO Andy Jassy said the company continues to find ways to lower costs to serve its fulfillment network while also delivering its fastest-ever delivery speeds for Prime customers.

Amazon’s ecosystem, which is driven in part by an estimated 200 million Prime members “should enable the company to remain a share gainer across multiple industries,” Telsey Advisory Group analysts led by Joe Feldman said in a Friday note. “The focus on newer (and large) opportunities and initiatives —grocery, health/pharmacy (Amazon Clinic and RxPass), fashion, home, private brands, third-party, same-day delivery, advertising, Amazon Business, and Amazon Logistics — should make Amazon more valuable and allow the company to touch more facets of members’ lives.”

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