125x125 Hosting & Servers at GoDaddy.com

Amazon US sales grow 31% in Q1 2008

Apr 23rd, 2008 | By Max Leisten | Category: Amazon News

Amazon reported earnings tonight after market close and there are a few interesting highlights:

  • Sales in North America are up 31%, International grew 41%. That’s about 13% (in the US) more then the anticipated 18% YOY e-commerce growth rate for 2008. Continuing to gain share of the overall pie.
  • Fulfillment By Amazon adoption grew 50%, showing strong momentum. Probably a result of both good media coverage, sellers competing with FBA listings (tough one) and resigning to “if you can’t beat them, join them” and Amazon sales efforts (one seller on a Yahoo! store sent me a note that he was contacted by Amazon on basic fulfillment opportunities).
  • Media as a product category continues to shrink with only 28% growth (CE/general merchandise grew 56%). Points to growing 3P sales as a share of overall revenue.
  • Amazon’s “developer network” grew 10% to 370,000 developers in the last quarter. As opposed to eBay’s developer program which is laser-focused on growing traffic and sales, this is cool to see but really doesn’t have a significant impact on merchandising revenue on Amazon.

Related posts:

  1. Amazon delivers another blockbuster quarter Amazon released their Q2 2008 earnings report last night (here's the call transcript from Seeking Alpha) and, as expected, it was another smashing quarter. Continuing...
  2. Amazon jewelry category continues to grow rapidly Amazon announced yesterday that its retail diamond sales grew over 100% in the first quarter of 2008, following a so-so quarter by Blue Nile and...
  3. Round-Up - October 21, 2008 Quick summary of this week's news around Amazon that are worth noting: Amazon Earnings - Much has been covered already about Amazon's very respective Q3...

Tags:

Leave Comment