Amazon

Updates

March 20, 2022: Amazon cancels plans for fulfillment center in Churchill, PA. Community opposed for fulfillment center. 

March 17, 2022: Amazon completes $6 billion acquisition of MGM. 

February 2, 2021: Bezos steps down as CEO; new CEO is/was the head of AWS. 

February 2, 2021: UPS profits surge on back of Amazon deliveries.

January 22, 2022: Netflix collapses. Simply too much competition and now critics are saying Netflix paid too much for "content."

January 5, 2021: up, up, and away -- Amazon Air; link here;

January 4, 2021: Amazon buys eleven "new" aircraft. Timing was impeccable. Airlines have excess aging a/c due to Covid-19-reducing flying and now, the Boeing 737 Max is back on line and airlines can't dump their aging a/c fast enough. In addition, they need the cash. What a great country. Free market capitalism. 

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Brick And Mortar, Literally, Brick And Mortar

Fulfillment centers and delivery stations:

• Sioux Falls, SD: Amazon announces first fulfillment center in South Dakota. Press release.  December 26, 2020.
• Waco, TX: Amazon expanding throughout Texas; new fulfillment center in Waco is latest endeavor. December 26, 2020.
• Lakeville, MN: to launch in 2021. December 26, 2020.
• Carencro, Louisiana: to launch in 2021; will be first AFFC in Louisiana. December 26, 2020.
• San Antonio, TX: two new AFFCs and a delivery station announced for the city. December 26, 2020.
• Oklahoma City, OK: new AFFC to launch in this city in 2021. December 26, 2020.
• North Little Rock, AR: new AFFC to launch in this city in 2021. December 26, 2020.
• Missouri City (Fresno - Houston), TX: new AAFC to launch in this city in 2021. December 26, 2021.
• Las Vegas, NV: three new facilities to be launched in Las Vegas area in 2021. December 26, 2021.
• Richmond, TX: just outside the Houston metropolitan area to the west, this AFFC is under construction and will open in 2021. December 26, 2020.
• Hampton Roads, VA: new delivery stations to open in 2021. December 26, 2020.
• Greece (Rochester), NY: new facility in 2021, under construction. Possibly another one in the same area, Gates, NY.
• Columbus, Ohio: new delivery center to open in 2021. December 26, 2020.
• Worcester, MA: a delivery station to open in 2021. December 26, 2020.
• Waynesboro, VA: Amazon will use empty Kmart building for delivery station, to open in early 2021. December 26, 2021.
  

Cloud computing services:

• Philadelphia, PA: Amazon to expand cloud computing services in 2021. December 26, 2021.
  

Acquisitions

Wondery. A killer podcast startup. December 31, 2020.

Miscellaneous

Fee changes:

• delayed until June 1, 2021, to give sellers "some breathing room" at a hectic period in the middle of a pandemic. Link here. December 26, 2020. 

Growth, in 2020:

What's striking about the information in the letter from Amazon's Jeff Wilke is that Amazon built out its platform during the pandemic. 

"We've increased square footage across our fulfillment and logistics network by 50%, opening dozens of new delivery stations and fulfillment centers around the world. 

We've hired over 400,000 employees in the biggest peacetime workforce ramp-up by any company in history. 

And we've spent more than $2.5 billion on pay incentives and bonuses." December 26, 2020.