A primary culprit for the sour numbers was Amazon 's new push to cut two-day Prime shipping to just one day , which has forced the online retailer to spend billions of dollars to ramp up its transportation and warehouse infrastructure and buy more inventory to bring popular products closer to customers.After one day of record profit, Amazon is again in heavy investment mode, this time as it shells out to speed up its Prime shipping service across the world. The latest quarter included Prime Day sales, which Olsavsky already said hit a new record, with the two-day event surpassing last year's Black Friday and Cyber Monday combined.
A primary culprit for the sour numbers was Amazon's new push to cut two-day Prime shipping to just one day, which has forced the online retailer to spend billions of dollars to ramp up its transportation and warehouse infrastructure and buy more inventory to bring popular products closer to customers.After four straight quarters of record profit, Amazon is again in heavy investment mode, this time as it shells out to speed up its Prime shipping service across the world.The latest quarter included Prime Day sales, which Amazon already said hit a new record, with the two day event surpassing last year's Black Friday and Cyber Monday combined.