AMZN: Amazon Charges a Penny After France Bans Free Shipping

Online retailer also removes discoutns on books

   

AMZN: Amazon Charges a Penny After France Bans Free Shipping

Amazon (AMZN) has found a workaround to a French law that doesn’t allow for free shipping of books.

amazon stock alibaba ipo AMZN: Amazon Charges a Penny After France Bans Free Shipping
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The new law banning free shipping on books, which was added as an amendment to a law from 1981, was passed in France last month. To counter this law, Amazon is now only charging a single cent for shipping books in the country, reports Time.

The new law passed in France was designed to protect small bookstore owners from from online rivals. There are roughyl 3,5000 small bookstores in the country, Time notes.

Amazon has also ended all discounts on books. This was also caused by a French law that doesn’t allow the company to apply government-regulated discounts to books. This change benefits small bookstores by allowing them to sell books for cheaper than what the online retailer does, reports The Wall Street Journal.

AMZN shares were up 2% as of Noon Monday.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/07/amzn-amazon-6/.

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