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Amazon Reels in $6 Billion in Net Profits Despite Covid, Logistics Costs

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

One quarter after seeing profits best $5 billion for the first time, Amazon outpaced itself again in the third quarter to the tune of $6.3 billion in total net income, a 197 percent jump. The retail and logistics giant continues to break its own records in profits despite adding more capacity in its fulfillment and…

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