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The difficulty of presenting year-on-year changes in financial results is becoming ever more apparent, with ...
The rise and rise of Amazon may not be as effortless as it sometimes appears. It’s certainly got massive: revenues of $75bn are predicted for 2013, but its first quarter results show it operating on a wafer-thin 0.5% margin. Part of the problem is that the traditional economies of scale that retailers enjoy as they expand seem to work in reverse in e-commerce – as it grows bigger, its fulfilment costs as a percentage of sales also increase.
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Alex Lennane
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