All articles tagged with #retail business
Amazon is freezing its retail division's hiring budget for 2025 to improve operational efficiency and profit margins, with a focus on managing expenses rather than headcount targets, while still continuing to hire across the company. This move is part of CEO Andy Jassy's broader cost-cutting strategy following a period of rapid growth and recent layoffs.
GameStop's purchase of roughly half a billion dollars worth of Bitcoin has led to a significant drop in its stock price, as investors remain skeptical of the company's shift towards cryptocurrency amid declining core retail sales and industry challenges.
CNBC's Jim Cramer praises Amazon's recent efforts to improve profitability, citing a research note from Morgan Stanley that suggests the stock could see additional upside of 20% to 60% if its North American retail business continues to become more profitable. Despite the stock's significant gains this year, Cramer sees a path to even greater upside and commends CEO Andy Jassy for his execution in reigning in costs. While Amazon's margins for its North American retail business are still below pre-Covid levels, analysts believe the company can improve them through lower shipping and fulfillment costs, disciplined spending on content for Prime Video, and better margins on first-party merchandise.