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

AMAZON.COM, INC.

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Walmart's Flipkart to hire 70,000 in India ahead of big shopping event

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09/15/2020 | 05:40am EDT
FILE PHOTO: The logo of India's e-commerce firm Flipkart is seen in this illustration picture

Walmart Inc's Flipkart said on Tuesday it would create 70,000 new jobs and employ many more as delivery partners and in other roles as it prepares for a surge in online shopping during the busy Indian festive season.

Flipkart, Amazon.com Inc's Indian unit and Reliance Industries Ltd fledgling e-commerce business are vying for a share of the booming online retail market, which received a big boost from the COVID-19 pandemic as more Indians used their smartphones to shop for groceries and other items.

Flipkart's "Big Billion Days", styled on the lines of Amazon's Prime Day, rakes in its biggest sales for the year. The four- or five-day long sale usually starts around October to tap India's festive season, which ends with Diwali.

The company said it would also sign up more than 50,000 kiranas, or small grocery stores, for last-mile delivery.

"While creating direct job opportunities across Flipkart's supply chain, that include delivery executives, pickers, packers and sorters, there will also be additional indirect jobs created at Flipkart's seller partner locations and (local corner stores)," the company said in an emailed statement.

Earlier this month, the e-commerce company launched an online wholesale service, Flipkart Wholesale, for mom-and-pop stores and other small businesses.

(Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Anil D'Silva)


Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -3.76% 3162.78 Delayed Quote.71.16%
RELIANCE INDUSTRIES LTD 0.42% 2021.05 Delayed Quote.34.12%
WALMART INC. -1.98% 140.04 Delayed Quote.17.84%
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Financials (USD)
Sales 2020 370 B - -
Net income 2020 16 486 M - -
Net cash 2020 55 489 M - -
P/E ratio 2020 98,3x
Yield 2020 -
Capitalization 1 584 B 1 584 B -
EV / Sales 2020 4,13x
EV / Sales 2021 3,44x
Nbr of Employees 798 000
Free-Float 81,3%
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Average target price 3 748,93 $
Last Close Price 3 162,78 $
Spread / Highest target 42,3%
Spread / Average Target 18,5%
Spread / Lowest Target 6,24%
EPS Revisions
Managers
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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