Amazon Targets Future Growth With Agreement

Aug 13, 2003
George Anderson

By George Anderson and Target have extended their agreement for Amazon to provide order
fulfillment and customer service for Target’s online businesses including, and 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 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’s future growth prospects?

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

Anderson – Moderator

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