Amazon (The Biggest Online Shopping Hub)
Amazon, The largest Market Place To Shop Online
The Amazon.com, Inc. is the world’s most valuable brand and one of the most inferential economic and cultural forces of the world. The Amazon is well known for its disruption of well established through the mass scale and technological innovation. Amazon is the world's largest online marketplace, live streaming platform, and cloud computing platform which is is measured by revenue and market capitalization.
Amazon surpassed Walmart in 2015 as the most valuable retailer in the United States by market capitalization. Amazon acquired the whole foods market for the US dollar 13.4 billion in 2017, which substantially increasing Amazon footprint as a physical retailer Amazon surpassed the 100 million subscribers worldwide when Jeff Bezos announced a two-day delivering service “Amazon prime”.
Amazon distributes the downloads and also streaming of video, music, and audiobooks through various sites like prime video, Amazon Music, Twitch, and the audible subsidiaries. The company also publishes the arms, television studio, and also a cloud computing subsidiary. It also produce the consumer electronics like the Kindle E-Readers, Fire TV, and Echo devices. the global computing subsidiary it also produced the consumer electronics like Kindle E-Reader, Fire TV, and Echo devices. Amazon also has the acquisition of a Twitch, ring, whole food market, and IMDb.
Amazon has a 10-year agreement with the US toy retailer Toys “R” Us in 2000, which valued at dollar 50 million per year plus a cut of sales, in this agreement the Toys “R” Us will be an exclusive supplier of toys and the baby products on the website, and the chain’s website would redirect to the Amazon toys and games category.
Amazon enters into the agreement with Borders group in 2001, in which the Amazon would comanage Borders.com as his co-branded service. In the year 2011, Amazon.com has announced a partnership with the DC comics for all the exclusive digital rights of many popular comics like the batman, superman, Green lantern, The sandman, and watchmen.
Amazon has also entered an agreement with the United States postal in November 2013 to begin delivering the order on Sundays. This service was included in the Amazon standard shipping rate which is initiated in the metropolitan areas of New York and Los Angeles. These cities are chosen because of the high volume and the inability to deliver on time which letter it is expanding into Dallas, New Orleans, Houston, and Phoenix by 2014.
In the month of June 2017, Nike has come to confirmed a “pilot” partnership with Amazon to sell his goods directly on the platform. Amazon fresh also solder a variety of Booths branded products for the home delivery in the few areas in October 2017. In 2018, Amazon has an agreement with Apple inc. to sell the selected products through the service, via the company and Apple selected authorized reseller.
Amazon company has more than 40 subsidiaries which include audible, Goodreads, IMDb, kiva systems, Twitch, shop hop, TeachStreet, and Zappos. The Amazon has 75 fulfillment centers and the 25 sortation centers Which have more than 125000 employees. The employees of Amazon are basically responsible for five tasks like unpacking and inspecting incoming goods, placing the goods in storage and recording their location, picking the goods from there computer record recorded location to make a for an individual shipment, sorting, and packing the orders and at last shipping.
The Amazon.com has ranked 8th in the fortune 500 ranking of the largest United States corporation by total revenue in 2018. In the 2018 fiscal year, Amazon has reported an earnings of US dollar 10.7 billion, with an annual revenue of US dollar 232.887 billion. Which is an increase of 30.9% over the last year fiscal cycle. The Amazon market capitalization have goes over US Dollar 1 trillion again in early February 2020, after the announcement of the fourth quarter 2019 results. Currently, Amazon has more than 798000 employees who are working in the company.
Conclusion: Amazon is the largest online shopping hub, where millions are people doing there shopping just in one click. Amazon has reached large number of customers due to its product and service. You can find each and everything on this website from a small pen to luxurious things. I hope that in the future the Amazon will bring more attractive services to its global customers.
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