- price war with giant retailer, Wal-Mart
- Google, Wal-Mart, Barnes and Noble and Plastic Logic developing e-books to compete against Kindle
Company Conerns
Competition
Company
Continuing to move from book store to general retailer
- purchased Zappos
- powers and host CDNow.com
- powers and operates online advertisement for Target, Bebe, Lacoste, and many more
- according to compete.com in 2008 amazon had double the web traphik of it's competitor Wal-Mart.com
Introduced new products
- New Kindel released: pre-sale orders outperfomed projected numbers
- Amazon EC2
- Amazon S3
Expanded Operations
- Operates internationally
Coupled with top companies
- coupled with various companies
- developed iphone application that allows consumers to perform a "quick purchase" of book
Huge gains in third quarter
- Shares increased 27% to an all time high
- 68% increase in its third quarter profits
Industry: Retail, E-Commarce
2009 was a sluggish year for the retail industry
- according to Forbes Magazine the third quarter saw a 2% decline in sales as compared to last year
- industry, however, is greatly positioned for spark growth during the holoday season
- Consumers seeking to avoid lines in stores are looking to online shopping
- introduction of moblie commerce capable phones also helping sales
Introduction
- Online commerce comany launched in 1995
- Based in Seattle, Washington
- Headed by Chairman and CEO Jeffery Bezos
- It is publically traded on the NASDAQ under the e-commerce sector within the Retail industry
- Operates under internet based Business to consumer (B2C) model
- Provides products ranging from books, to CD's to furniture and appareal
- According to NY Times is fast on it's way to becoming the "Wal-Mart of the internet"
- As of 2008: 20, 500 employees
Operating income of $842 million
Net income of $645 million- Main source of competition is internet giant and online auction E-bay and the super retail store Wal-Mart
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