Amazon’s profits are down despite great fourth quarter earnings.
By Jane • Feb 2nd, 2007 • Category: Publishing News • •Amazon posted a 34% increase in quarterly sales (compare this to the decline in sales for both BGI and BN) but their profits were down 51%.
Increased sales of electronics, lower prices and discount shipping program Amazon Prime crimped profit margins, Szkutak said.
Via CNN.
Jane is a long time romance reader whose passion is, you guessed it, reading. Jane also does not like to talk about herself in the third person, but apparently this is the way that this biography thing works (although in a true biography, someone else would be writing this blurb). Anyway, currently Jane loves urban fantasy authors Patricia Briggs and Ilona Andrews. She's really excited about this year's crop of historicals including Joanna Bourne's The Spymaster's Lady and Sherry Thomas' Private Arrangements and the upcoming Loretta Chase Her Scandalous Ways.
She's looking for a good contemporary author. Email her with a recommendation!
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