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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
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Amazon com : Announces Two New Fulfillment Centers in Kansas

10/16/2020 | 11:41am EST

New operations facilities to create over 1,000 new, full-time jobs

Amazon.com, Inc. (NASDAQ: AMZN) today announced plans to open two new fulfillment centers in Kansas. The new fulfillment centers, which are anticipated to launch in 2021, will together create over 1,000 new, full-time jobs with industry-leading pay and comprehensive benefits starting on day one.

See Our Fulfillment Centers in Action

“We’re excited to continue our growth and investment across Kansas so we can better serve our customers throughout the state,” said Alicia Boler Davis, Amazon’s vice president of global customer fulfillment. “We are grateful for the strong support we’ve received from local and state leaders, and we look forward to ingraining ourselves in the communities in which we serve.”

In both of the new one million square-foot fulfillment centers located at 9700 Leavenworth Road in Kansas City, Kansas and at 7130 North Broadway Avenue in Park City, Kansas, Amazon associates will work to pick, pack, and ship bulky or larger-sized customer items such as patio furniture, outdoor equipment, or rugs.

In addition to the two new fulfillment centers, Amazon also plans to open a new delivery station in Wichita, Kansas which is expected to launch later in 2020.

“With an unrivaled workforce and a strong economy, Kansas has proven itself to be a first-rate destination for Amazon as they continue to expand operations and bring more than 1,000 new jobs to our great state,” said Governor Laura Kelly. “From Day One, my administration has prioritized rebuilding Kansas’ foundation, and significant economic announcements like these prove that our state is on the right track. I want to thank our city partners, staff members and Amazon for making this possible.”

On top of Amazon’s industry-leading minimum $15 per hour wage, the company offers full-time employees comprehensive benefits including full medical, vision, and dental insurance as well as a 401(k) with 50 percent match starting on day one. The company also offers up to 20 weeks of maternal and parental paid leave and innovative benefits such as Leave Share and Ramp Back, which give new parents flexibility to support their growing families.

“Park City is excited and honored to have a leading business and household name such as Amazon located here because their team recognized that our community offers a business-friendly environment in a prime location,” said Park City Mayor Ray Mann. “Park City looks forward to working with Amazon and the tremendous economic benefits and employment opportunities it brings. While 2020 hasn’t always brought the best news, this announcement makes today a great day for Park City, Sedgwick County and our region, and Kansas.”

Amazon is a great place to work with highly competitive pay, benefits from day one, and training programs for in-demand jobs. Amazon has pledged to invest over $700 million to provide upskilling training for 100,000 U.S. employees for in-demand jobs. The programs will help Amazonians from all backgrounds access training to move into highly skilled roles across the company’s corporate offices, tech hubs, fulfillment centers, retail stores, and transportation network, or pursue career paths outside of Amazon.

“We are excited that Amazon is continuing their investment in our community with a second facility in Kansas City, Kansas, further highlighting the benefits our central Midwest location offers for logistics and access to a quality workforce,” said Mayor David Alvey of the Unified Government of Wyandotte County, Kansas City, Kansas. “We look forward to this new center creating additional jobs, with a focus on employing local residents, and are pleased that this location will generate revenue immediately to maintain and improve services in neighborhoods throughout our community.”

Amazon leverages its scale for good and makes investments to support communities. Since 2010, Amazon has created more than 4,500 jobs in Kansas and invested more than $2.9 billion across the state, including infrastructure and compensation to our employees. These investments have contributed an additional $2.3 billion in GDP to the Kansas economy and have helped create over 4,100 indirect jobs on top of Amazon’s direct hires – from jobs in construction and logistics to professional services. In addition, more than 10,500 independent authors and small and medium businesses in Kansas are selling to customers in Amazon’s store, creating thousands of additional jobs across the state.

About Amazon: Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit https://www.aboutamazon.com/ and follow @AmazonNews.


© Business Wire 2020
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Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 068 M - -
Net cash 2020 44 305 M - -
P/E ratio 2020 91,8x
Yield 2020 -
Capitalization 1 599 B 1 599 B -
EV / Sales 2020 4,09x
EV / Sales 2021 3,42x
Nbr of Employees 798 000
Free-Float 81,7%
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Number of Analysts 53
Average target price 3 821,74 $
Last Close Price 3 186,73 $
Spread / Highest target 41,2%
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Spread / Lowest Target 9,83%
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NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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