The roundup: Amazon rolled out a spate of initiatives aimed at boosting revenues and cutting costs.
Low-hanging fruit: As the lumbering retail giant attempts to refashion itself into a leaner organization, it’s no surprise the company is going after low-hanging fruit like licensing fees, and making incremental improvements to its highly profitable advertising business.
Looking for savings: Amazon is also trying to balance its desire to grow retail sales and offer customers even faster delivery speeds with the need to reduce expenses.
The grocery question: Amazon’s decision to pull the plug on Amazon Fresh store openings underscores the difficulties the retailer has had in the physical grocery space.
The big takeaway: Amazon is pulling every possible lever for growth. But with ecommerce sales stagnating, its current inability to figure out brick-and-mortar growth is a considerable roadblock.
First Published on May 9, 2023
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