"Amazon is well positioned from a capacity standpoint heading into the holiday season, following a successful test over Prime Day and the elevated investment in fulfillment. Amazon remains one of the best positioned companies for the acceleration to digital in retail and the transition to cloud services," Stifel said.
"The ability to handle retail demand through the holiday season is a key question/concern and was a leading topic of discussion on the call. Capacity will likely be tight across the industry, but the company feels good about its capacity position given the investment in fulfillment and people, many focused on the transportation leg. QTD over 100,000 more employees has been added," Stifel said.
"We believe Amazon is well positioned to continue to benefit from the current secular shifts in eCommerce and cloud computing and is well-prepared for the holiday season as plans to invest in capacity were in motion prior to the pandemic," Stifel concluded.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE: Here come Amazon's Q3 2020 earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good
Source: BusinessInsider - 🏆 729. / 51 Read more »
Big Tech’s Big Thursday: Q3 Earnings Highlights and LowlightsAll of big tech just reported their calendar year Q3 earnings, but only one tech giant posted a noticeable gain during after-hours trading. You’ll see why when you click through and get a gla…
Source: Variety - 🏆 108. / 63 Read more »
LIVE: Here come Facebook's Q3 2020 earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 95% only bad news( Jesus, he is a mutant......just so freaky
Source: BusinessInsider - 🏆 729. / 51 Read more »
LIVE: Here come Alphabet's Q3 earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Twitter's Q3 earnings blew past Wall Street's expectations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Should god forbid trump lose next week, Twitter usage will plummet. Trump is single-handedly keeping Twitter alive. africaupdates Disappointing
Source: BusinessInsider - 🏆 729. / 51 Read more »
This Is The Worst Week For Stocks Since March, With Four Days Left Before The ElectionThis is the worst week for stocks since March, with 4 days left before the election: KILLING IT OnceUponATime GO GE To be expected. HODL and buy $BTC. Lost $5k in value this week. They are pricing in Biden’s win
Source: Forbes - 🏆 394. / 53 Read more »