Headlines

Amazon Sales Reach $332 Billion YTD

Despite lower profits in Q3, company sales are up 15 percent

Published

2 years ago

October 29, 2021

VMSD Staff

An Amazon Four Star Store. Photography: JORDAN STEAD / Amazon

Amazon (Seattle) sales have reached $332 billion year to date, according to Forbes. Though company profits fell in the third quarter, sales are still up by 15 percent this year. Amazon says they are implementing strategies for “deeper customer loyalty.”

Part of this profit decline comes from Amazon’s recent investments into its fulfillment network, which it has nearly doubled since the start of the pandemic.

Amazon predicts billions in additional cost next quarter as well, as the company continues to navigate supply chain issues, labor shortages and other ramifications from the pandemic.

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