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Amazon revenues jump in Q1 but profit takes a backseat on covid-19-related expenses
2020-05-01 09:26:00| Telecompaper Headlines
(Telecompaper) Amazon reported revenues up 26 percent from the year before in the first quarter to USD 75.5 billion, beating expectations, but profit came under pressure from higher costs amid the coronavirus pandemic, with the operating profit down to USD 4.0 billion from 4.4 billion and the net profit off at USD 2.5 billion or USD 5.01 per diluted share, from 3.6 billion and 7.09 per share. Operating expenses jumped to USD 71.463 billion from 55.280 billion. Looking ahead, CEO Jeff Bezos told shareholders to "take a seat, because we are not thinking small." Amazon plans to plow its USD 4 billion operating profit back into the company, on covid-19-related expenses, on getting products to customers and on keeping employees safe.
11 Must Reads for the CRE Industry Today on April 29, 2020
2020-04-28 20:41:00| National Real Estate Investor
Some retail tenants aim to rewrite leases to include pandemic escape clauses, reports the Wall Street Journal. Curbside pick-up surges over 200 percent during the coronavirus pandemic, according to CNBC. These are among todays must reads from around the commercial real estate industry.
Coronavirus: 'I returned my suits and spent 100 on loungewear
2020-04-28 01:01:57| BBC News | Business | UK Edition
Demand for casual clothing is soaring during the lockdown, but is the UK at risk of dressing down too much?
Activists at it again blaming coronavirus on meat eaters
2020-04-27 23:09:00| Beef
Animal rights activists are ramping up their efforts during the COVID-19 crisis.
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Adidas in 97% profit slide as store closures weigh on Q1
2020-04-27 15:09:00| Daily apparel & textile news and comment - from just-style.com
Adidas has booked a 97% slide in profits as the impact of coronavirus weighed heavily on its first-quarter results.
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