Great Moments in Business Journalism XVII
In the Wall Street Journal’s popular “Heard on the Street” section today, on the topic of Amazon’s “Prime” free-shipping program (which we use regularly here at RAIN and AccuRadio), business journalist Martin Peers points out that Amazon’s gross margins have eroded from 24% in 2005 to 22.3% last year. He then writes:
“[Amazon CEO Jeff] Bezos told analysts a few months after Prime’s introduction that he expected it would generate long-term…
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