Amazon mobilizes for 'brutal' season

Article Abstract:

Analysts say that the future of Amazon.com rests on its ability to manage inventories and improve deliveries. They add that how Amazon fares during the 2000 Christmas holiday season would be an indication if there is any future for electronic retailing. The company spent $300 million in 1999 on improving its distribution operations but had to cope with excess inventory and high shipping costs during the holidays. Amazon said that it has improved operations at its warehouses to prevent a repetition of what happened in 1999.

Production management

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Amazon cuts loses, smells profits

Article Abstract:

Amazon.com Inc, the nation's largest online retailer, reported on Oct 24, 2000 a 3rd qtr loss that is smaller than what anaylsts expected. The Seattle, WA-based company's revenue for the quarter ended Sep 30, 2000 was $638 million, up 79% from the same quarter the previous year. It also predicts that its 4th qtr sales will rise by at least 40%. During the quarter, Amazon added 2.8 million customers.

Sales, profits & dividends

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Online retailer eToys cuts 700 jobs

Article Abstract:

EToys, an online retailer based in San Mateo, CA, announced on Jan 4, 2000, that it will lay off more than 700 of its 1,000 employees and close down two warehouses. The once highflying online seller of children's good explains that the massive layoff was prompted by disappointing holiday 2000 sales and a pervading harsh retail climate caused by consumer concerns over the economy and e-commerce.

Personnel administration, Video Retailing Service, All Other Information Services, Home shopping, eToys

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