Amazon Targets Future Growth With Agreement

Discussion
Aug 13, 2003
George Anderson

By George Anderson


Amazon.com and Target have extended their agreement for Amazon to provide order
fulfillment and customer service for Target’s online businesses including Target.com,
MarshallFields.com and Mervyns.com until August 2008.


Jerry Storch, vice chairman, Target said the retailer’s online sales were up
significantly during the first half of 2003.


Mark Stabingas of Amazon Services, a subsidiary of Amazon.com that provides
Web site technology and services for retailers, told Reuters the Target
deal was “a validation of how strong the e-commerce platform that we have is.”


Moderator’s Comment: How important is Amazon Services
to Amazon.com’s future growth prospects?


Amazon reports it spends more than $200 million every
year maintaining and improving its technology.

[George
Anderson – Moderator
]

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