At Amazon’s annual shareholder assembly on Wednesday, CEO Andy Jassy advised 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 value will increase.”
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Jassy stated that Amazon can maintain costs low as a result of its platform has a variety of sellers (greater than 60% of merchandise bought are third-party, the corporate notes).
“I feel that the range and the scale of our market actually helps prospects have the most effective choice of the most effective costs,” Jassy stated on the assembly.
“When you have got 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 Pictures
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Tariffs are affecting retailers in numerous methods. Residence Depot introduced this week that it could not be elevating costs (within the fast future) attributable to tariffs. However not all corporations are on the identical path.
Walmart’s CEO stated that consumers 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 doubtless see value will increase on some merchandise.
