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After Record Profits, Why’s Amazon Looking to Cut Costs?

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Though Amazon has posted a profit for 11 consecutive quarters—including a record $1.9 billion windfall in Q4 2017—the e-commerce power player is searching for ways to cut costs, even as it reportedly considers splashing out on Toys “R” Us locations, and as Spanish workers strike over wages. According to a Bloomberg report, Amazon is making…

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