Amazon’s net loss prompts query: Has it built too many warehouses?

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Reuters UK

By Jeffrey Dastin (Reuters) – In recent years, Amazon.com Inc has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand. It turns out, Amazon may have built too much, too soon, analysts say. The World’s largest online retailer on Thursday reported $2 billion in incremental costs from having excess fulfillment and transportation capacity, a dramatic shift from just two years ago when Amazon had to turn away merchants’ goods because it had room only for vital supplies. The company is lowering its c…

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