bounce back after a difficult 2022. let s speak to miya knights, co author of the book, amazon, and publisher of retail technology magazine. shejoins us from she joins us from margate shejoins us from margate here in the uk. this is interesting what is going on here. a big silicon valley giants doing well despite the fact that there are high expectations now from customers in regards to these services and product. i want to pick up on one thing here from the amazon chief executive who said that the strong margins reflected the company s move strong margins reflected the compa ny s move towards regionalisation. he says it is working and shifting the networks, delivery networks, into different regions. it is interesting. a move away from internationalisation into smaller regional hubs. is that the way to go? it smaller regional hubs. is that the way to go? smaller regional hubs. is that the way to go? it is the way to a o, the way to go? it is the way to no, it the way to go? it is the
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as the retail giant posted earnings that beat investor expectations. amazon s cloud computing business which didn t grow as much as expected last order did very well in the first three months of this year. as did its advertising business. even retail, a core part of amazon s business, exceeded expectations. the roman online shopping during the pandemic has waned and people are going back into stores. amazon was still able to get customers to its website. as recent figures show, consumerspending website. as recent figures show, consumer spending in america remains steady. at what has investors really is amazon s guidance for the next quarter. it expects its business to grow between 5% and 10%. let s speak to retail expert miya knights who is co author of a book on amazon, and publisher of retail technology magazine. we have cost conscious customers and a softening economy. how is amazon responding
she s also publisher of retail technology magazine. this is the slowest growth amazon s seen in its history, but the company is clearly weathering the global economic slowdown better than most. how is it doing it? i would say that and the sun was one of the biggest winners during lockdowns as shoppers moved online, but the company has said that it expanded too aggressively during the pandemic. amazon. what we have seen a do over the last three months is really aggressively move to sublet all of the warehouse space it expanded into to meet our demands, and it has cut costs and it has actually slowed down its hiring programme as well. am this week announced it would be raising the price of its prime subscription in five markets including in the uk where membership rose 25%. is