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Article: Amazon books future as sales rocket 79per cent
- Article from:
- Evening News - Scotland
- Article date:
- October 25, 2000
- Author:
CopyrightCopyright 2000 Evening News - Scotland. Provided by ProQuest LLC. (Hide copyright information)
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ONLINE retail giant Amazon.com has amazed market analysts with
the strength of its sales which were today reported to be 79 per
cent up.
The news follows the firm's announcement last week that sales
could top $1 billion in the last quarter of 2000.
Best known to shoppers on the internet as a site for cut-price
books and CDs, the firm credits its current success to a boost in
sales of electronics goods.
A statement released by the firm stated losses had dropped to GBP
46.9 million, or 17 pence per share, in the third quarter of 2000,
compared to GBP 54.5m a year before.
Profitability
And firm management are so confident in their spiralling success
that they have hinted Amazon may reach ...