Amazon CEO Andy Jassy says price lists haven’t dented shopper spending

Amazon CEO Andy Jassy mentioned Wednesday that the corporate hasn’t perceptible any indicators of shoppers tightening their wallets within the face of President Donald Trump’s sweeping price lists.

Jassy’s feedback got here all through Amazon’s annual shareholder assembly, which was once held nearly on Wednesday.

“We have not seen any attenuation of demand at this point,” Jassy mentioned all through a question-and-answer portion of the assembly. “We also haven’t yet seen any meaningful average selling price increases.”

Amazon and alternative shops proceed to digest the have an effect on of Trump’s price lists. Jassy mentioned utmost date the corporate made some “strategic forward inventory buys” to hold up on items. Some third-party dealers, which account for more or less 60% of goods bought, have larger costs on positive pieces, past others have stored costs secure, Jassy mentioned Wednesday.

“I think that the diversity and the size of our marketplace really helps customers have the best selection of the best prices,” Jassy mentioned.

That is breaking information. Please refresh for updates.