Home / Knowledge / News / Apparel/Garments / Net sales lift 15% at online retailer Amazon in 2014
Net sales lift 15% at online retailer Amazon in 2014
04
Feb '15
Net sales at the biggest global online retailer Amazon lifted 15 per cent year on year in the fourth quarter ended December 31, 2014.

Amazon said its net sales surged to $29.33 billion in the fourth quarter of 2014, compared with $25.59 billion in fourth quarter 2013, up 15 per cent.

“Excluding the $895 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 18 per cent from the prior year quarter,” the retailer added.

Operating income in the reporting quarter rose higher at $591 million as against operating income of $510 million in fourth quarter of 2013.

Fourth quarter of 2014 net income however fell to $214 million or $0.45 per diluted share, compared with net income of $239 million or $0.51 per diluted share in same quarter of 2013.

For the full year of 2014, net sales surged 20 per cent to $88.99 billion in 2014, compared with $74.45 billion in 2013.

Excluding the $636 million unfavourable impact from changes in foreign exchange rates throughout the year, net sales also increased 20 per cent compared with 2013.

However, operating income plunged to $178 million in 2014 as against operating income of $745 million in 2013.

In 2014, Amazon posted a massive net loss of $241 million or $0.52 per diluted share, compared with net income of $274 million or $0.59 per diluted share in 2013.

Operating cash flow increased 25 per cent to $6.84 billion for the trailing twelve months, compared with $5.47 billion for the trailing twelve months ended December 31, 2013.

Free cash flow decreased to $1.95 billion for the trailing twelve months as against $2.03 billion for the trailing twelve months ended December 31, 2013.

Common shares outstanding plus shares underlying stock-based awards totaled to 483 million on December 31, 2014, compared with 476 million one year ago.

Amazon announced it will open a 46,000 square-foot fashion photography studio in Shoreditch, London in 2015.

The studio will be one of the largest of its kind in Europe and will provide both on-model and off-model imaging for Amazon’s rapidly growing European fashion business.

In 2014, the second year of its operation, Amazon.in emerged as India’s largest online store through 24 new departments, selection of over 19 million products and grew its seller base exponentially to more than 16,000 sellers. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Feb 2020

An Industry Goes Viral

When the novel coronavirus, now called COVID-19, was first detected...

Pic: Shutterstock

Textiles | On 20th Feb 2020

Rising global import of sacks and bags

Overall trade of sacks and bags (for packaging of goods) has been...

Pic: freemind-production / Shutterstock.com

Retail | On 20th Feb 2020

Authentic Brands announces acquisition of Forever 21

Authentic Brands Group (ABG), a global brand development, marketing,...

Interviews View All

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Evelyne Cholet, UCMTF

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search