- As inflationary pressures and fears of a global recession constrain household spending, Amazon reported its first fullyear net loss since 2014 (-$2.7 billion), a sharp decline in its international business and contracting online sales in its allimportant holiday quarter for 2022.
- Amazon said it would be pausing its Fresh grocery store expansion until it can work out a differentiated value proposition and balance that with economic viability.
- Q4 net sales were up 9% to $149.2 billion, above Amazon’s own guidance of an increase of between 2% and 8%, and CFO Brian Olsavsky said on the Q4 earnings call to financial...
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