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

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

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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