- Amazon.com Inc (NASDAQ:AMZN) launched Amazon Warehousing & Distribution to help its sellers store bulk inventory and ease distribution to tackle supply chain issues.
- From 2023, sellers can use AWD to send their inventory to any location, including wholesale customers or brick-and-mortar stores.
- Also Read: Amazon’s Initiatives To Beat Supply Chain Blues
- The pay-as-you-go service will also help sellers significantly cut logistics costs.
- Amazon explored subletting at least 10 million square feet of space and vacating even more by ending leases with landlords to cut costs.
- Amazon shocked investors after reporting slowing growth and a weak profit outlook attributed to overbuilding during the pandemic.
- Amazon added to revenue streams ahead of the holiday season to counter inflation and other costs amid pandemic recovery.
- Price Action: AMZN shares traded lower by 0.51% at $126.12 in the premarket on the last check Thursday.
- Photo via Wikimedia Commons
Beacon Roofing Supply Sees Q4 EPS $1.42-$1.48 Vs $1.64 Est.; Revenue $2.3B Vs $2.22B Est.; FY23 EPS $(0.48)-$(0.42); Revenue $9.1B Vs $9.04B Est.
Preliminary Results for Fourth Quarter and Full Year 2023Beacon's net sales for the quarter ended December 31, 2023 are expected to be approximately $2.3 billion. Gross margins for the quarter ended
