Friday, January 30, 2009

Amazon's Amazing Fourth Quarter

The online retailer crushed the Street's expectations by snaring customers and snapping up market share as traditional merchants foundered



Being bullish on Amazon.com proved to be a smart bet in the fourth quarter. Even as traditional retailers founder amid the worst economic malaise since the Depression, the pioneering e-tailer under CEO Jeff Bezos is using competitive pricing and an ever-expanding arsenal of services and products to produce better-than-expected results.


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