What really happens to the online purchases you return? [BNN Bloomberg (Canada)]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: BNN Bloomberg
Canada is the world's ninth-largest market for e-commerce with online retail annual sales expected to surpass $100 billion this year . Despite the rising cost of living, spending over Black Friday and Cyber Monday increased this year by 6 per cent and 3 per cent , respectively, as savvy shoppers looked to cut costs by hunting down bargains “You're seeing a massive rise of online shopping. People are busier than ever; they don't have time to go to the malls. You can sit at home after your kids are asleep and do your shopping,” says Toronto Metropolitan University Associate Prof. Jenna Jacobson, who specializes in retail. “The big challenge is returns, which is a huge cost to retailers.” Online returns cost American retailers close to US$248 billion in 2023, according to the U.S. National Retail Federation (NRF). “The returns volume has only been increasing, year on year,” says Mark Ang, CEO of GoBolt , a Toronto-based logistics company specializing in returns management. The r
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AMZN
Earnings
- 10/30/25 - Beat
AMZN
Sec Filings
- 12/3/25 - Form 4
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- AMZN's page on the SEC website