Saturday, March 16, 2002
I was so busy filming Friday that I missed the turmoil over Amazon and Toys R Us. Touted often as an example of how Amazon is a network with unlimited potential more than a simple retailer, sources are saying that Amazon is stretched thin, that there is grumbling unhappiness from other partners like Expedia, Hotwire and Overstock.com that Amazon overcharges, underdelivers and isn't the blissful business partner they expected. The latest casualty is Toys R Us, with 30% sales drops after shunting business to Amazon. On news of the troubles Amazon's stock headed down 8%.
New York Times: Amazon's sad toy story
New York Daily News: Toys 'R' Us Earnings Sink 30%
Seattle Times: Amazon stock slides after Toys R Us report
at 1:55 AM