January 27, 2017
This week, Amazon’s market cap reached $390 billion, making the company worth more than the top eight brick-and-mortar retailers combined. The retailers on that list include: Best Buy, Macy’s, Target, Nordstrom, Walmart, JCPenney, Sears, and Kohl’s.
Jeff Bezos founded Amazon in his garage in 1994. With the company’s rapid expansion, the e-commerce and distribution giant also offers cloud computing services through its Amazon Web Services platform. Now, Amazon recently announced its move into shipping logistics, organizing for carriers to deliver products overseas from China.
Furthermore, Amazon employed 180,000 workers in the U.S. in 2016, and said it plans to increase its full-time employees to 280,000 by mid-2018, as the company continues to add new fulfillment centers and grow its logistics/computing business lines.
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