iStock/jetcityimage(NEW YORK) — Amazon’s investment into one-day shipping for Prime customers cost the company its record-breaking profit streak. The retail leviathan said the investment into one-day shipping cost more than the $800 million it had planned to spend in the second quarter. “It does create a shock to the system,” Amazon’s chief financial officer (CFO) …
Jul 26
Amazon Prime’s one-day shipping cuts into 2Q profits
