Amazon is one of the largest companies in the world today. It is amazing to look back and see the rapid growth of the company over the past few years. Amazon is adding a variety of different business units this year. The company wants to continue the rapid rate of growth it is currently experiencing.
Amazon recently had an earnings release where the company crushed the expectations of investors. This caused the stock to increase by more than 11 percent in a single day. This is a huge move for any company the size of Amazon.
Amazon is known for online retail. There are many retail companies struggling to make a profit in the current economy. Companies like Macy’s are close to bankruptcy and are shutting down stores throughout the country.
One of the biggest reasons for the decline of traditional retail is online retail. It is much more convenient to simply buy something online and wait for it to show up at your door. There are various people who no longer go to a traditional store for clothes or groceries. This decline in foot traffic is difficult for companies to deal with.
Amazon sells any product that you can think of online. By joining Amazon’s subscription service, customers can save a lot of money on shipping costs. Amazon is constantly trying to improve the overall user experience online.
In the latest earnings release, Amazon executives discussed opening up an online pharmacy option for customers. Although this idea is still in development, it is an interesting concept that many customers are excited about. Almost everyone believes that the current healthcare system could use enhancements. The cost of healthcare continues to increase every year, and Amazon wants to do something about this issue.
Future Growth Plans
Jeff Bezos has done a great job as CEO of Amazon. Over the years, he has worked hard in order to add value to shareholders. People who own Amazon stock were rewarded with the latest earnings release. Amazon is going to continue investing in various areas of the economy in order to achieve a high rate of growth. Not only are sales increasing, but profits are increasing at a rapid rate as well.