Amazon.com, Inc. (NASDAQ: AMZN) is an American e-commerce company based in Seattle, Washington. It was one of the first major companies to sell goods over the Internet and was one of the iconic stocks of the late 1990s dot-com bubble. After the bubble burst, Amazon faced skepticism about its business model, but it made its first annual profit in 2003.
Founded by Jeff Bezos in 1994, and launched in 1995, Amazon.com began as an online bookstore, though it soon diversified its product lines, adding DVDs, music CDs, computer software, video games, electronics, apparel, furniture, food, toys, and more.
Amazon has established separate websites in Canada, the United Kingdom, Germany, Austria, France, China, and Japan. It ships globally on selected products.
History and business model
The Web sites of Borders (borders.com, borders.co.uk), Waldenbooks (waldenbooks.com), Virgin Megastores (virginmega.com), CDNOW (cdnow.com), and HMV (hmv.com) are powered and hosted by Amazon. Until June 30, 2006, typing ToysRUs.com into one's browser would similarly bring up Amazon.com's Toys & Games tab; however, this relationship was terminated as the result of a lawsuit.
Amazon.com powers and operates retail web sites for Target, the NBA, Sears Canada, Sears UK, Benefit Cosmetics, Bebe Stores, Timex Corporation, Marks & Spencer, Mothercare and Bombay Company.
For a number of these companies, specifically the UK ones like Marks & Spencer and Mothercare, Amazon provides the multi-channel solutions not just the web site. That means that it also powers the in store terminals, customer-service applications and phone-sales terminals.
It also powers, although does not host, AOL's Shop@AOL service. It achieves this via Web Services technology.
Merchant partnerships
Locations
The company's global headquarters is located on Seattle, Washington's Beacon Hill. It has offices throughout other parts of greater Seattle.
Headquarters
The company employs software developers in modest- to large-sized centers across the globe. International locations include:
Slough (England)
Edinburgh (Scotland)
Bangalore, Chennai, and Hyderabad (India)
Cape Town (South Africa)
Iaşi (Romania)
Shibuya (Tokyo, Japan) (closed in 2005)
Beijing (China). Software development centers
Fulfillment centers are located in the following cities, often near airports:
- Arizona, USA: Phoenix
- Delaware, USA: New Castle
- Kansas, USA: Coffeyville
- Kentucky, USA: Campbellsville, Hebron (near CVG), and Lexington
- Massachusetts, USA: Springfield (new as of early 2007)
- Nevada, USA: Fernley and Red Rock (near 4SD)
- Washington, USA: Seattle
- Pennsylvania, USA: Chambersburg, Carlisle, and Lewisberry
- Texas, USA: Dallas/Fort Worth
- Ontario, Canada: Mississauga
- Munster, Republic of Ireland: Cork
- Bedfordshire, England, UK: Marston Gate
- Inverclyde, Scotland, UK: Gourock
- Fife, Scotland, UK: Glenrothes
- Swansea, Wales, UK: (Planned)
- Loiret, France: Orléans-Boigny (2000),
- Loiret, France: Orléans-Saran (2007),
- Hesse, Germany: Bad Hersfeld
- Saxony, Germany: Leipzig
- Chiba, Japan
- Guangzhou, China
- Shanghai, China
- Beijing, China
North America:
Arizona, USA: Phoenix
Delaware, USA: New Castle
Kansas, USA: Coffeyville
Kentucky, USA: Campbellsville, Hebron (near CVG), and Lexington
Massachusetts, USA: Springfield (new as of early 2007)
Nevada, USA: Fernley and Red Rock (near 4SD)
Washington, USA: Seattle
Pennsylvania, USA: Chambersburg, Carlisle, and Lewisberry
Texas, USA: Dallas/Fort Worth
Ontario, Canada: Mississauga
Europe:
Munster, Republic of Ireland: Cork
Bedfordshire, England, UK: Marston Gate
Inverclyde, Scotland, UK: Gourock
Fife, Scotland, UK: Glenrothes
Swansea, Wales, UK: (Planned)
Loiret, France: Orléans-Boigny (2000),
Loiret, France: Orléans-Saran (2007),
Hesse, Germany: Bad Hersfeld
Saxony, Germany: Leipzig
Asia:
Chiba, Japan
Guangzhou, China
Shanghai, China
Beijing, China Fulfillment and warehousing
Amazon has steadily branched into retail sales of music CDs, videotapes and DVDs, software, consumer electronics, kitchen items, tools, lawn and garden items, toys & games, baby products, apparel, sporting goods, gourmet food, jewelry, watches, health and personal-care items, beauty products, musical instruments, industrial & scientific supplies, groceries and more.
The company launched Amazon.com Auctions, its own Web auctions service, in March 1999. However it failed to chip away at industry pioneer eBay's juggernaut growth. Amazon Auctions was followed by the launch of a fixed-price marketplace business called zShops in September 1999, and a failed Sotheby's/Amazon partnership called sothebys.amazon.com in November. Although zShops failed to live up to its expectations, it laid the groundwork for the hugely successful Amazon Marketplace service launched in 2001 that let customers sell used books, CDs, DVDs, and other products alongside new items. Amazon Marketplace's main rival today is eBay's Half.com service.
On May 16, 2007 Amazon announced it intends to launch its own online music store. Downloads will be sold without copy-protection. The store is to launch "later this year."
Product lines
A popular feature of Amazon is the ability for users to submit reviews to the web page of each product. As part of their review, users must rate the product on a rating scale from one to five stars. Such rating scales provide a basic idea of the popularity and dependability of a product.
Search Inside the Book is a feature which makes it possible for customers to search for keywords in the full text of many books in the catalog. AStore is a new affiliate product that allows Associates to embedded a subset of Amazon products within, or linked to from, another website.
Website
In April 1998, Amazon bought the Internet Movie Database (IMDb).
In August 1998, Amazon bought Cambridge, Massachusetts-based PlanetAll for 800,000 shares of Amazon stock. PlanetAll operated a Web-based address book, calendar, and reminder service. In the same deal, Amazon acquired Sunnyvale-based Junglee.com, an XML-based data mining startup for 1.6 million shares of Amazon stock. The two deals together were valued at about US$280 million at the time. Most staff of both firms were absorbed by Amazon in early 1999. These employees went on to build community-focused features for the Amazon Web site, including Amazon.com Auctions, Amazon.com Marketplace, Friends & Favorites, and Purchase Circles.
In June 1999, Amazon bought Alexa Internet, Accept.com, and Exchange.com in a set of stock deals worth approximately US$645 million.
In 2004, Amazon purchased Joyo.com, a Chinese e-commerce Web site. It also debuted A9.com, a company focused on researching, and building innovative technology. One of the technologies A9.com was working on was a search engine with a "Search Inside the Book" feature allowing users to search within the text of books as well as searching for text on the Web. Another A9 technology was its "Find It on the Block" feature allowing users to find not just the phone number, address, map, and directions for a business; but to see a picture of it, and all the businesses and shops on that same street.
In March 2005, Amazon acquired BookSurge, a print on demand company and Mobipocket.com, an eBook software company.
In July 2005, Amazon purchased CreateSpace (formerly CustomFlix), a Scotts Valley, CA-based distributor of on-demand DVDs.
Amazon spinoffs include search technology company A9.com and shoe and handbag store Endless.com. Acquisitions and spinoffs
In 2002, Amazon became the exclusive retailer for the much-hyped Segway Human Transporter. Bezos was an early supporter of the Segway before its details were made public.
On June 21, 2003, Amazon coordinated what was at the time one of the largest sales and distribution events in e-commerce history with the sale of over 1.3 million copies of Harry Potter and the Order of the Phoenix, since beaten by Harry Potter and the Deathly Hallows with a sale of over 2 million copies preordered in 2007.
On July 16, 2005, Amazon celebrated its 10th anniversary by telecasting a worldwide live concert hosted by Bill Maher and artists such as Bob Dylan and Norah Jones.
Noteworthy events
Innovations
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