Posted on 02/02/2017 1:26:20 PM PST by Red Badger
Amazon.com was pummeled on Wall Street Thursday after its holiday season sales fell short of expectations.
EPS: $1.54 a share vs. $1.35 adjusted expected by a Thomson Reuters consensus estimate. Revenue: $43.74 billion vs $44.68 billion expected by Reuters Amazon Web Services revenue:$3.536 billion vs.$3.6 billion expected by FactSet Q1 guidance: Between $33.25 billion and $35.75 billion vs. revenue of $35.95 billion expected by Reuters
Not just brick and mortar stores, but on-line stores as well. Amazon is great for locating what you want. Enlarge the package to get the manufacturer, then google to discover the manufacturer’s website. Most, not all, of the time, it is way less.
Eliminate the Middle Man........Bezos!...............
You’re not entirely correct. You veered off when you said:
“Companies don’t pay taxes”.
In fact they do. Whether they include it in the advertised price or ring up the tax afterwards it’s all semantics.
Yes, the consumer in the end pays for it along with paying for the cost of manufacturing, cost of advertising and most of manufacturing and for some items, cost of support.
Look into walmart .
Thank you. I will check it out. I wanted to check out their grocery service anyway.
Your two statements help make my point, and your final sentence, about who pays in the end, is exactly what I meant. Whether it's included in the purchase price, or rung up separately at the bottom of the bill, the consumer still pays it. The company just passes it along to the state or locality on its tax forms. It is, in fact, an agent of the state at that point. Funny how that works.
And that submarine is diving at a very steep angle.
My view of Howard Schultz is he's probably a GLBTQWERTYXZ who sees himself as a historic philanthropist, who steals from his customers by overpricing his products, so he can claim support of millions of charities.
How about he keep my drinks reasonably priced and let me choose my own damned charities? After over twelve years I finally put my money where my mouth used to be.
People don’t realize that companies are tax collectors for the states where it comes to sales and use taxes. And they are not compensated for that gov’t work. Small business owners bear that cost and can’t simply pass it on by raising prices.
We need not only personal finance class in high schools, but small business class and accounting.
Doritos?
Hey, we don’t go for any racist stuff here.
Walmart needs to improve their horrible website, and the dismal experience of customer returns. But I’m committed to cutting my Amazon usage at least in half. I use my Kindle a lot for books and movies when we go on vacation. If there are other options I’m open to suggestions. We do rely on Amazon Prime for TV & Movies since ditching our DirectTV. We don’t have cable where we live.
I have been using Walmart’s free ship to store. Store is about 2 miles from home.
What would it cost WalMart to go free shipping, not just over $35.00, and really drive a stake through Amazon's heart?
More than once I found the item I wanted on eBay at either the same or slightly higher price - but the sellers there offered free shipping, so Amazon lost out.
Bwahahahahahaha!
It’s no different than the company passing along manufacturing and advertising costs et al. It varies by state, and yes we act as an agent and are required to collect sales taxes. We’re also on the hook for them.
My small business I never rang up sales tax. I just included it in my prices and rounded up to a whole number, then when filed, my particular business was permitted to estimate applicable sales taxes and pay sales tax based on 30% of gross sales.
There are states where online orders are not taxed and it’s a laughable expectation that the individual purchaser is going to file special forms for applicable sales tax they should be paying.
The answer is found in the question: Do we apply scrutiny to 1 million individual consumers or do we simply apply the scrutiny to the corporate sales entity?
I don’t buy anything from Amazon due to their attitude about supporting abortion.
Not one red cent from me.
Of course I live...30 miles from the nearest Walmart and Lowe's......So you have to factor in time, fuel and wear and tear on your truck.
Bot a Fiskars X27 Super Splitting Axe, 36-Inch ...for $50 recently.Free shipping.....Yes...I pay $90 for prime...but in the long haul it's worth it..for me.
I just ordered something from Walmart this week it was a better price than Amazon. It is a hard to find item and I used to get it from drugstore,com but they’re no longer in business.
For about $70 to $150..one time fee...you can stream your channels...
Not too big to fail. Not at all.
Amazing just over the last few years Wal-Mart was the enemy of the fourm now all of sudden FReepers are cheering it
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