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Amazon's (AMZN) 2 Fulfillment Centers to Create 1,500 Jobs
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In a bid to meet the ever-increasing demand of online shopping, Amazon.com Inc. (AMZN - Free Report) announced its plan to open two fulfillment centers in Tracy and Eastvale.
Both facilities are spread across an area of one million square feet and would create hundreds of full-time jobs each. The Eastvale facility will focus more on picking, packing and shipping smaller customer items, such as books, electronics and toys, to name a few, while the Tracy facility will focus more on larger customer items, such as big-screen televisions, sports equipment and patio furniture.
The world’s largest online retailer has been strengthening its presence in California. Its first facility was opened in San Bernardino in 2012. Including these two new warehouses, Amazon now has nine fulfillment centers in the state. Other fulfillment centers in California are located in Tracy, Patterson, Moreno Valley, Redlands, Rialto and San Bernardino. To date, Amazon has approximately 14,000 full-time employees in the state and continues to hire more people to meet growing customer demand.
Amazon stated that it offers hourly wages and a comprehensive benefits package, including healthcare and other full-time benefits like health insurance and 401(k) retirement plan. In addition, the retail giant offers bonuses and company stock awards.
Amazon plans to expand its fulfillment centers across the country. In recent months, the company has been spending heavily to ensure on-time delivery of goods and reduce logistics costs by adding a fleet of cargo trucks and opening smaller distribution centers to handle last-minute deliveries to customers’ doorstep.
Fulfillment centers are giant warehouses that help online retailers to store and ship products, and handle returns quickly. Prompt and accurate delivery is integral to the success of an online retailer.
In our view, Amazon must maintain the U.S. market share while expanding globally to retain the leading position. For this, the company needs to invest more in fulfillment as well as technology and content, especially in international markets with lesser penetration but higher growth rates. Despite the near-term pressure on the bottom line, these are necessary to maintain the company’s dominance in this highly competitive market in the long run.
Currently, Amazon has a Zacks Rank #3 (Hold).
Stocks to Consider
Some stocks that have been performing well are CommVault Systems, Inc. (CVLT - Free Report) , Konami Holdings Corporation and Manhattan Associates, Inc. (MANH - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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Amazon's (AMZN) 2 Fulfillment Centers to Create 1,500 Jobs
In a bid to meet the ever-increasing demand of online shopping, Amazon.com Inc. (AMZN - Free Report) announced its plan to open two fulfillment centers in Tracy and Eastvale.
Both facilities are spread across an area of one million square feet and would create hundreds of full-time jobs each. The Eastvale facility will focus more on picking, packing and shipping smaller customer items, such as books, electronics and toys, to name a few, while the Tracy facility will focus more on larger customer items, such as big-screen televisions, sports equipment and patio furniture.
The world’s largest online retailer has been strengthening its presence in California. Its first facility was opened in San Bernardino in 2012. Including these two new warehouses, Amazon now has nine fulfillment centers in the state. Other fulfillment centers in California are located in Tracy, Patterson, Moreno Valley, Redlands, Rialto and San Bernardino. To date, Amazon has approximately 14,000 full-time employees in the state and continues to hire more people to meet growing customer demand.
Amazon stated that it offers hourly wages and a comprehensive benefits package, including healthcare and other full-time benefits like health insurance and 401(k) retirement plan. In addition, the retail giant offers bonuses and company stock awards.
Amazon plans to expand its fulfillment centers across the country. In recent months, the company has been spending heavily to ensure on-time delivery of goods and reduce logistics costs by adding a fleet of cargo trucks and opening smaller distribution centers to handle last-minute deliveries to customers’ doorstep.
Fulfillment centers are giant warehouses that help online retailers to store and ship products, and handle returns quickly. Prompt and accurate delivery is integral to the success of an online retailer.
In our view, Amazon must maintain the U.S. market share while expanding globally to retain the leading position. For this, the company needs to invest more in fulfillment as well as technology and content, especially in international markets with lesser penetration but higher growth rates. Despite the near-term pressure on the bottom line, these are necessary to maintain the company’s dominance in this highly competitive market in the long run.
Currently, Amazon has a Zacks Rank #3 (Hold).
Stocks to Consider
Some stocks that have been performing well are CommVault Systems, Inc. (CVLT - Free Report) , Konami Holdings Corporation and Manhattan Associates, Inc. (MANH - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>