Amazon holiday results to show sales tax impact
SAN FRANCISCO (Reuters) – Acting as a tax collector may have hurt Amazon. com, Inc’s holiday sales analysts and industry executives said, but they expect to know more when the internet retailer reports its fourth-quarter results on January 29. Best Buy Co. , an archrival of Amazon in consumer electronics, saw holiday online sales increase in three states where Amazon started collecting sales tax ahead of the period. "There was a little softness in states where Amazon is now collecting sales tax," said R. J. Hottovy, an equity analyst at Morningstar. "That isn’t surprising to me. . . .
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