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Fri, May 2, 2025
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Some CEOs are abandoning the sacred tradition of predicting quarterly profits for Wall Street
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Obesity and diabetes: Here's how being overweight or obese causes Type 2 diabetes
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The GIST Expands Beyond Sports With Launch Of New Lifestyle Newsletter
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Irish Travel Retailer ARI In Expansionist Mode As It Tops $1.6 Billion
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Mobile home industry booms amid housing affordability crisis
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New French Brand Aims To Build Bridges With Sancerre Wine
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China says it's evaluating U.S. talks, hinting at possible thaw
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The Worcester School Committee has named a new superintendent. Here's who they chose.
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Amazon CEO says the $2 trillion retailer is 'pret .. used' on keeping prices down amid tariff pressure

Amazon CEO says the $2 trillion retailer is 'pretty maniacally focused' on keeping prices down amid tariff pressure


Published on 2025-05-01 20:26:32 - Fortune
  Print publication without navigation

  • Andy Jassy told analysts during an earnings call "there's maybe never a more important time in recent memory" to maintain prices.

In an article from Fortune, Amazon CEO Andy Jassy expressed concerns about the impact of tariffs on consumer prices, stating that they could lead to higher costs for customers. This statement came in the context of Amazon's latest earnings report, which showed strong performance but offered soft guidance for future quarters. Jassy highlighted the company's efforts to mitigate these costs and maintain low prices, emphasizing Amazon's commitment to being Earth's most customer-centric company. The article also discussed the broader retail environment, noting that other retailers are facing similar challenges with tariffs and rising costs.

Read the Full Fortune Article at:
[ https://fortune.com/article/amazon-ceo-andy-jassy-tariffs-low-high-prices-consumers-retail-earnings-report-soft-guidance/ ]