Quote:
Originally Posted by DuckieTigger
Real simple answer: Why is Amazon investing into expanding their retail if it isn't profitable?
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Because Amazon exists *solely* to destroy (poorly-run) legacy businesses, of course.
Remember, Amazon is eeevil, not merely an efficient money-making machine.
Their financials show how much they make/lose in retail *after* the investment in future growth. And for several years in a row they have been reporting enormous growth (25% annual?!) and hefty profits. (There even is talk of a trillion dollar valuation within a few years. Seems odd but they are definitely headed into Apple territory.)
It would be nice if the anti-Amazon axis would at least get their story straight; either their retail operations are big money losers or they're making so much money they can afford to eat the costs of regular packing/shipping errors.
Consistency may be "the hobgoblin of small minds" but a common baseline for attacks would be useful. Minimize whiplash if nothing else...