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AMAZON FOURTH QUARTER SALES UP 22% TO $43.7 BILLION
The company also reported that its net sales for the full year of 2016 increased 27 percent to $136 billion, compared with $107 billion in 2015.
Read MoreRUN-DMC SUES WAL-MART, AMAZON FOR $50 MILLION
The lawsuit alleged that the retailers have improperly profited, diluted and harmed the Run-DMC brand, which it said has generated more than $100 million in revenue since its inception in the 1980s.
Read MoreAMAZON SAYS 2016 HOLIDAY SEASON WAS ‘BEST-EVER’
The e-commerce giant also reports that it has shipped more than one billion items worldwide this holiday season, with more people around the world using Amazon Prime services than any previous year.
Read MoreAMAZON DEBUTS MEN’S PRIVATE LABEL DRESS SHIRT BRAND
The new dress shirt label, available exclusively for Amazon Prime members, offers classic and fitted cuts in a variety of colors and patterns.
Read MoreHOW IS AMAZON DOMINATING THE APPAREL MARKET?
A panel discussion conducted by the Retail Marketing Society addressed many of the issues, including fulfillment, selection, curation, and pricing, that are leading Amazon to become the biggest apparel retailer in the U.S.
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