Amazon’s New Sales Category

Seattle-based Amazon reported $1.27 billion in net sales under a new “physical stores” category on its Q3-2017 quarterly report. This number includes sales at the company’s physical bookstores and Whole Foods Market, which Amazon acquired on August 28 for $13.7 billion. The tech giant reported net sales of $43.7 billion for the third quarter (a 34 percent increase year-on-year) with profits of $256 million, according to GeekWire. Amazon shares were trading at just over $1,100/share as of Friday’s market close.

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