Auctionbytes-NewsFlash, Number 1005 - April 27, 2005 - ISSN 1539-5065
Previous Story |
| Next Story
Amazon Announces Deals with Retailers, Releases First-Quarter Financials
By Ina Steiner AuctionBytes.com April 27, 2005
Amazon Services announced deals with specialty apparel retailer bebe stores and department store Macy's.
Amazon Services will provide the technology platform, fulfillment center and multi-channel call center operations for bebe.com. bebe will maintain control over their brand and online business through a suite of site management tools. Amazon Services will build a new private label bebe.com website on Amazon's back-end technology and provide bebe with tools to manage the content of the site. This will offer bebe's online customers an experience that combines the distinctive bebe brand with Amazon's proven shopping features. Phone sales, customer service, and order fulfillment for bebe's online sales channel will be operated by Amazon's global network of fulfillment and customer service centers.
Amazon Services also announced the availability of Macy's products on Amazon.com (www.amazon.com/macys). Everything from exclusive Macy's brands, like INC International Concepts apparel and Hotel Collection bedding, to Macy's wide selection of jewelry, apparel, beauty and home products is now available to Amazon customers. Right now, Amazon customers can find Macy's spring fashions and home accessories and add them to the same shopping cart as a book or laptop computer. Macy's wide selection of tableware, bedding and home furnishings can also be found in the Macy's storefront on Amazon.com (www.amazon.com/macys). Macy's will fulfill orders for its products purchased on Amazon.com.
In related news, Amazon announced financial results for its first quarter ended March 31, 2005, on Tuesday (http://digbig.com/4dgay). Net sales increased 24% to $1.90 billion in the first quarter, compared with $1.53 billion in first quarter 2004. North America segment sales, representing the company's U.S. and Canadian sites, were $1.03 billion, up 21% from first quarter 2004. Segment operating income decreased 13% to $66 million in first quarter 2005 from $76 million in first quarter 2004.
International segment sales, representing the Company’s U.K., German, French, Japanese and Chinese sites, were $875 million, up 28% compared with first quarter 2004. Excluding the benefit from year-over-year changes in foreign exchange rates throughout the quarter, net sales growth was 24%. Segment operating income increased 51% to $62 million from $41 million in first quarter 2004.
