|Fri July 24 2009 10:47:16|
Amazon.com Sees Fastest Growth in Third Party Sellers in Q2
By: Ina Steiner
Amazon.com said it grew its base of third-party sellers 21% in the second quarter, the fastest growth rate it has seen. Amazon.com CFO Tom Szkutak revealed at yesterday's conference call with analysts that worldwide active seller accounts were more than 1.7 million, and seller units were 30% of total units.
Amazon.com's net sales increased 14% to $4.65 billion in the second quarter, year-over-year. Net income decreased 10% to $142 million in the second quarter year-over-year. See details in today's AuctionBytes Newsflash newsletter.
As always during such conference calls, Amazon.com revealed little to analysts. According to Szkutak, the Zappos acquisition was not about synergies, and he pointed to Amazon.com's acquisition three years ago of Shopbop, a standalone site selling clothing, shoes and accessories.
"We have Zappos and 6PM which will join us," Szkutak said. "We have Shopbop, we have Endless, and we certainly have Amazon.com, all selling in soft lines. Shoes and apparel. And so we're very excited to have all those Web sites with - if you take a look at those Web sites, they have many different brands, they have different customers, they have a different customer experience associated with each of them. So we're very excited to have all those."