Amazon.com Inc on Thursday said its sales jumped during the holiday season and p...
) on Thursday said its sales jumped during the holiday season and profit far exceeded expectations, as the world’s biggest online retailer shortened delivery times and drew more shoppers to its loyalty club Prime.
Jeff Bezos, Amazon’s chief executive, said in a statement that the company now has more than 150 million paid members in its loyalty club Prime, a 50% increase from the retailer’s last disclosure in 2018. Subscribers keep returning to Amazon to benefit from perks like fast delivery and television, and its purchase of U.S. grocer Whole Foods Market and popular suite of voice-controlled Echo speakers are prompting still more customers to transact with the Seattle-based company.
More online shopping and the bet on faster delivery has meant a surge in hiring and related costs. The company has said it added more than 250,000 full and part-time seasonal positions to fulfill holiday orders, which brought its global headcount to 750,000.
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