Amazon.com Inc. has become the go-to shopping site for many consumers during the COVID-19, including an increasing number of older customers, according to SunTrust Robinson Humphrey analysts. Amazon (AMZN) reported earnings late Thursday that nearly doubled year-over-year to $10.30 per share, with sales up 40% to $88.9 billion. The company said online grocery sales tripled from 2019. Read More...
Amazon is making gains with older consumers as more people turn to e-commerce during COVID-19
Amazon.com Inc. has become the go-to shopping site for many consumers during the COVID-19, including an increasing number of older customers, according to SunTrust Robinson Humphrey analysts. Amazon (AMZN) reported earnings late Thursday that nearly doubled year-over-year to $10.30 per share, with sales up 40% to $88.9 billion. The company said online grocery sales tripled from 2019.
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