Thursday, October 25, 2007

"Winehouse / Potter: boost Amazon profits"

from business.scotsman.com

BOOK and DVD online retailer Amazon saw international third-quarter sales rise by 40 per cent to $1.47 billion (£718.7 million), boosted by music from Amy Winehouse and the "halo effect" from Harry Potter.

Although Amazon, which has distribution centres in Gourock and Glenrothes, made no profit from Harry Potter and the Deathly Hallows due to the discount prices it offered, UK managing director Brian McBride said the firm had benefited from other purchases made by customers ordering the novel.


Amazon worldwide, which includes the US, saw sales rise 41 per cent to $3.26bn (£1.5m).

At its international arm, which encompasses UK, as well as German, Japanese, French and Chinese sales, gross profit rose by around 50 per cent to $302m (£147m).

McBride said Amazon's UK business is expecting to increase Christmas sales by around 30 per cent this year from last year's 700,000 parcels a day.

During the quarter, the firm launched a shoe store and a babywear store

Although high street retailers fears the impact of recent interest rate hikes on spending, McBride said he expected internet sales to be strong.

He said: "The great British thirst for the latest gifts and toys remains undiminished. We're still enjoying migration to the internet."

BOOK and DVD online retailer Amazon saw international third-quarter sales rise by 40 per cent to $1.47 billion (£718.7 million), boosted by music from Amy Winehouse and the "halo effect" from Harry Potter.

Although Amazon, which has distribution centres in Gourock and Glenrothes, made no profit from Harry Potter and the Deathly Hallows due to the discount prices it offered, UK managing director Brian McBride said the firm had benefited from other purchases made by customers ordering the novel.


Amazon worldwide, which includes the US, saw sales rise 41 per cent to $3.26bn (£1.5m).

At its international arm, which encompasses UK, as well as German, Japanese, French and Chinese sales, gross profit rose by around 50 per cent to $302m (£147m).

McBride said Amazon's UK business is expecting to increase Christmas sales by around 30 per cent this year from last year's 700,000 parcels a day.

During the quarter, the firm launched a shoe store and a babywear store

Although high street retailers fears the impact of recent interest rate hikes on spending, McBride said he expected internet sales to be strong.

He said: "The great British thirst for the latest gifts and toys remains undiminished. We're still enjoying migration to the internet."

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