May 02, 2025 | by Daphne Howland
Amazon could gain share under tariffs, as it did during the pandemic, CEO says
Amazon CEO Andy Jassy, speaking to analysts Thursday, compared the U.S. trade war to the pandemic, in that Amazon could gain market share. Tariffs didn’t have a major impact on Q1 results, as online store net sales grew 5% year over year to $57.4 billion, and physical store sales grew 6% to $5.5 billion