Headlines

Amazon Sales Reach $332 Billion YTD

Despite lower profits in Q3, company sales are up 15 percent.

Published

2 years ago

November 6, 2021

INSTORE Staff

An Amazon Four Star Store. Photography: JORDAN STEAD / Amazon

Amazon (Seattle) sales have reached $332 billion year to date, according to Forbes. Though company profits fell in the third quarter, sales are still up by 15 percent this year. Amazon says they are implementing strategies for “deeper customer loyalty.”

Part of this profit decline comes from Amazon’s recent investments into its fulfillment network, which it has nearly doubled since the start of the pandemic.

Amazon predicts billions in additional cost next quarter as well, as the company continues to navigate supply chain issues, labor shortages and other ramifications from the pandemic.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”