News / Race to boost same-day services slows Amazon’s footprint shrinkage

Dreamstime

Amazon is simultaneously going in opposite directions.

Faced with a slower market and painful losses, the company is shrinking its footprint, including its warehouses. At the same time, however, the company has embarked on a push to build new fulfilment centres across the US.

The downturn in the market hit Amazon’s balance sheet and turned the rapid expansion of facilities, freighter fleet and workforce into retreat. Last year, the company reported a net loss of $2.7bn, despite a 9% increase in sales.

John ...