At Amazon’s annual shareholder assembly on Wednesday, CEO Andy Jassy informed viewers (the convention was digital) that tariffs haven’t had a “significant” impact on costs.
“We’ve got 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 offered are third-party, the corporate notes).
“I believe that the range and the dimensions of our market actually helps clients have the very best choice of the very best costs,” Jassy stated on the assembly.
“When you’ve gotten 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 several methods. House Depot introduced this week that it will not be elevating costs (within the instant future) on account of tariffs. However not all firms are on the identical path.
Walmart’s CEO stated that customers will see elevated costs at its shops within the subsequent couple of weeks as a result of the fee will increase are “greater than any retailer can take in.”
Goal, Finest Purchase, and Mattel all stated clients will doubtless see value will increase on some merchandise.
