Amazon CEO Andy Jassy says price lists have not dented shopper spending

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

Jassy’s feedback got here all over Amazon’s annual shareholder assembly, which used to be held nearly on Wednesday.

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

Amazon and different outlets proceed to digest the have an effect on of Trump’s price lists. Jassy stated ultimate month the corporate made some “strategic forward inventory buys” to top off on items and is “pretty maniacally focused” on retaining costs low for consumers.

Some third-party dealers, which account for more or less 60% of goods bought, have greater costs on sure pieces, whilst others have stored costs secure, Jassy stated Wednesday.

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

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