We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amazon (AMZN) to Open New Fulfillment Center in Kernersville
Read MoreHide Full Article
Amazon.com Inc. (AMZN - Free Report) announced plans to open a new fulfillment center in Kernersville next year, in order to meet the growing demand in the online shopping space.
The company has been spending heavily on new fulfillment centers over the past few years. Fulfillment centers are giant warehouses that help online retailers store and ship products, as well as handle returns quickly. These are important for providing the level of service that customers have started expecting from Amazon.
Inside the Headlines
According to Amazon, the new facility will span one million square foot. The facility is expected to create about 1,000 jobs. The employees will pick, pack and ship orders at the facility. In addition, there will be opportunities in finance, operations, management, IT, human resources, and safety and security.
Last July, Amazon had signed a lease with Seefried for up to 40 years for this fulfillment center. For now, the facility is under development but is expected to be operational by next year.
The company pays competitive wages, and provides healthcare along with other full-time benefits. In addition, it offers programs like Career Choice to help employees pursue courses related to fields that are in demand. The online giant also provides other benefits like generous maternity and parental leaves.
Our Take
Amazon has been strengthening its presence all over the world.
In our view, Amazon must maintain its U.S. market share while expanding globally, in order to retain the leading position of the company. To this end, it needs to invest more in fulfillment, as well as technology and content, especially in international markets with less penetration and higher growth rates.
Although increased expenses may hurt Amazon’s bottom line in the near term, we believe that this is necessary to maintain its dominance in this highly competitive market.
Long-term earnings growth for Facebook, IAC/InterActiveCorp and AXT is currently projected at 20.2%, 20.5% and 15%, respectively.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Image: Bigstock
Amazon (AMZN) to Open New Fulfillment Center in Kernersville
Amazon.com Inc. (AMZN - Free Report) announced plans to open a new fulfillment center in Kernersville next year, in order to meet the growing demand in the online shopping space.
The company has been spending heavily on new fulfillment centers over the past few years. Fulfillment centers are giant warehouses that help online retailers store and ship products, as well as handle returns quickly. These are important for providing the level of service that customers have started expecting from Amazon.
Inside the Headlines
According to Amazon, the new facility will span one million square foot. The facility is expected to create about 1,000 jobs. The employees will pick, pack and ship orders at the facility. In addition, there will be opportunities in finance, operations, management, IT, human resources, and safety and security.
Last July, Amazon had signed a lease with Seefried for up to 40 years for this fulfillment center. For now, the facility is under development but is expected to be operational by next year.
The company pays competitive wages, and provides healthcare along with other full-time benefits. In addition, it offers programs like Career Choice to help employees pursue courses related to fields that are in demand. The online giant also provides other benefits like generous maternity and parental leaves.
Our Take
Amazon has been strengthening its presence all over the world.
In our view, Amazon must maintain its U.S. market share while expanding globally, in order to retain the leading position of the company. To this end, it needs to invest more in fulfillment, as well as technology and content, especially in international markets with less penetration and higher growth rates.
Although increased expenses may hurt Amazon’s bottom line in the near term, we believe that this is necessary to maintain its dominance in this highly competitive market.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote
Zacks Rank & Stocks to Consider
Amazon currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Facebook, Inc. , IAC/InterActiveCorp (IAC - Free Report) and AXT, Inc. (AXTI - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth for Facebook, IAC/InterActiveCorp and AXT is currently projected at 20.2%, 20.5% and 15%, respectively.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>