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Q1 2012 Amazon had $13B in revenue and basically broke even, Costco had $23B in revenue, and Walmart has $113B. Where are you getting your financials from?
by sureshv 14y ago
Q1 2012 Amazon had $13B in revenue and basically broke even, Costco had $23B in revenue, and Walmart has $113B. Where are you getting your financials from?
- jrabone 14y agoAnd Amazon's revenue is growing 33% YoY. Costco is 8%. Wallmart is 8.5%. See where this is going?
- sureshv 14y agoWhile making very little profit; that's not infinitely sustainable in retail where margins approach nothing. Amazon 2012 profit was $650M, Costco $1.4B, and Walmart $16B. If Walmart decided to go zero profit they could drive out a lot of competition and get a visit from the DOJ...
- ippisl 14y agoAmazon has a great story to tell the DOJ:we've not reduced our prices, we're working on offering better service: prime service is expensive, and we're building costly warehouses and bought a robotics company, and investing in pack-stasions.