Amazon Looks At Holiday Season To Boost Revenue To Offset Inflation, Here's How

Amazon.com Inc AMZN added to revenue streams ahead of the holiday season to counter inflationary headwinds and other costs amid pandemic recovery, the Wall Street Journal reports.
Amazon passed on some costs to its e-commerce platform sellers and looked to hold a second deals event for Prime members.
Amazon looks to add a “holiday peak fulfillment fee” from October 15 to January 14 to beat the higher operating costs during the holiday period as “seasonal expenses are reaching new heights.”
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The new fee will likely increase costs for sellers in the U.S. and Canada by an average of $0.35 per item sold.
In April, Amazon added a “fuel and inflation surcharge” to seller fees that averaged 5% of fulfillment costs.
Amazon tried to curb costs by subleasing excess warehouse space, deferring construction of new facilities, renegotiating leases, and cutting the workforce.
Bank of America Corp BAC saw the solid back-to-school shopping season alleviating slowdown concerns for Amazon.
Price Action: AMZN shares traded lower by 2.12% at $135.30 in the premarket on the last check Monday.
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