retail news in context, analysis with attitude

• The Seattle Times reports that Amazon.com yesterday "said its first-quarter sales rose 22 percent, a rate of growth matched by its spending, and the company’s profit plunged 37 percent from a year ago.

Amazon posted Q1 sales of $16.07 billion, and a profit of $82 million.

Amazon's spending has focused onKindle devices, distribution centers around the country, and licensing agreements for its video streaming business.


• The Associated Press reports that "Coinstar's first-quarter earnings plunged 58 percent amid signs that its Redbox kiosks for DVD rentals are losing their appeal as more people switch to Netflix and other Internet video services."

Coinstar earned $22.6 million, down from $53.7 million during the same period a year ago. Revenue was up one 1 percent from last year to $575 million.
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