The stock of Amazon.com, Inc (NASDAQ:AMZN) closed at $1,451.75 gaining 2.92% in yesterday’s trading session. The next move by the company will be to make expansions in North Las Vegas. And in this particular regard it will be about the setting up of fourth fulfillment centre in Nevada.
Over the past few years, the business guru has been seen spending quite a huge deal of its resources on the new fulfillment centers which are deemed crucial towards the provision top line services that will help the retailer win over more customers.
In the previous year, it was reported that the company outperformed the industry with its shares gaining 55.1% thus beating the industry’s growth which according to sources stood at 44.1%.
An official well conversant with the latest developments outlined that the new fulfillment center will be able to succeed in the creation of almost 1,000 full-time jobs and one notable attribute about it is the fact that it spans about 800,000 square feet. He delved deeper into the matter to state that the new facility would be paying a huge deal of its focus on items such as children’s toys, household items and books.
From time to time, the online retailer has been seen giving a major lift to its investments and the objective has been to build as well as modernize fulfillment centers. And all this is happening at a time when business dynamics around the globe are shifting pretty fast.
The two matters it is paying quite a huge deal of attention to are the aspects of speeding up delivery as well as cutting down on the shipping costs. At this point in time, the company boats of about three Nevada fulfillment facilities in Reno and North Las Vegas. Reports have it that the three fulfillment centers will be able to enhance lives by employing about 3,000 full-time associates.
But why is it that Amazon takes so seriously the thought of establishing fulfillment centers? It is fundamentally because they help it with the shipping as well as the storage of commodities not forgetting the fact that the returns are handled quickly.