At Amazon’s annual shareholder assembly on Wednesday, CEO Andy Jassy informed viewers (the convention was digital) that tariffs haven’t had a “significant” impact on costs.
“Now we have not seen any attenuation of demand at this level,” Jassy stated, per CNBC. “We additionally have not but seen any significant common promoting worth will increase.”
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Jassy stated that Amazon can hold costs low as a result of its platform has a variety of sellers (greater than 60% of merchandise offered are third-party, the corporate notes).
“I feel that the variety and the scale of our market actually helps prospects have the perfect number of the perfect costs,” Jassy stated on the assembly.
“When you may have two million sellers, they don’t seem to be all going to take the identical motion,” he added, per Reuters.
Andy Jassy, chief government officer of Amazon, in February 2025. Michael Nagle/Bloomberg | Getty Photos
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Tariffs are affecting retailers in several methods. Dwelling Depot introduced this week that it might not be elevating costs (within the quick future) resulting from tariffs. However not all firms are on the identical path.
Walmart’s CEO stated that customers will see elevated costs at its shops within the subsequent couple of weeks as a result of the price will increase are “greater than any retailer can take in.”
Goal, Greatest Purchase, and Mattel all stated prospects will possible see worth will increase on some merchandise.
