THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Omni Channel Futures 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Amazon

Amazon (Amazon.com) is the world’s largest online retailer and a prominent cloud services provider. It has been described as ‘one of the most influential economic and cultural forces in the world’.

Amazon latest news

Amazon (Amazon.com) is the world’s largest online retailer and a prominent cloud services provider. It has been described as ‘one of the most influential economic and cultural forces in the world’.

The company was founded in July 1994 by Jeff Bezos as an online bookseller. After quickly expanding through acquisitions of other book sellers in the UK and Germany, it then began to sell video games, electronics, games and toys. Amazon then went public in May 1997.

It has expanded to sell a wide variety of consumer goods and digital media as well as its own electronic devices, such as the Kindle e-book reader, Kindle Fire tablet and Fire TV, a streaming media adapter.

Bezos selected the name Amazon because it was “exotic and different” and was a reference to his plan for the company’s size to reflect that of the Amazon River, one of the largest rivers in the world. The business has done just that, with the company’s membership and streaming platform, Amazon Prime, now having over 200 million paying subscribers worldwide.

It distributes a variety of downloadable and streaming content through Amazon Prime Video, Amazon Music, Twitch, and Audible. It also publishes books through its publishing arm, Amazon Publishing, and film and television content through Amazon Studios. It has also owned film and television studio Metro-Goldwyn-Mayer since 2022.

Amazon Products and Services:

  • Product purchase and delivery
  • Groceries
  • Amazon Prime
  • Prime Video
  • Cloud Computing
  • Amazon Fresh Supermarkets
  • Self driving cars

Ownership

Anyone can buy shares in Amazon via the Nasdaq as it is a publicly listed company. Jeff Bezos is the founder and largest shareholder of Amazon. He holds 14% voting power and has 10.6% economic interest. The asset management company Advisor Group inc. holds 7.1% of outstanding shares. The mutual fund group Vanguard holds 6.6% of outstanding shares. The biggest asset management company in the world, BlackRock, holds 5.4% of outstanding shares.

Stores

At present, the vast majority of products available on the Amazon website cannot be purchased in any bricks-and-mortar stores, so the main dealings of the company are all online.

Amazon has many different locations across North American and 7 international stores (a few in London) as of December 31, 2020. Groceries can now be ordered via Amazon and there is a planned expansion of the Amazon Fresh supermarket line.

Employees

In FY20, Amazon employed 33,675 people across the UK. These were spread through logistics and also in warehouses and fulfilment centres. This is only a tiny fraction of its global employee workforce, with 1.6 million working for Amazon in December 2021. The majority of these (just under 1 million) work in the US.

Head office

The Amazon UK head office is located in London.

60 Holborn Viaduct, Holborn, London, EC1A 2FD, UK

The Amazon global head office is located in Seattle, USA.

410 Terry Ave N, Seattle 98109, WA, US

Financials

Amazon is a publicly listed company, it is listed under the Nasdaq under the abbreviation AMZN.

It is a component of the Nasdaq-100, S&P 100 and S&P 500.

Year to 31 December 2020
Revenue: $386.064bn
Operating Income: $22.899bn
EBITDA: $59.175bn

Year to 31 December 2019
Revenue: $280.522bn
Operating Income: $14.541bn
EBITDA: $48.15bn

Contact information

The Amazon UK head office can be contacted via phone or email.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

COMPANY INFORMATION

Click it item to scroll to that section

News

Delay on Amazon deliveries during Queen’s funeral
Home & DIY

Delay on Amazon deliveries during Queen’s funeral

September 14, 2022 by Angela Beevers
Peloton strikes deal to sell products on Amazon
Home & DIY

Peloton strikes deal to sell products on Amazon

August 25, 2022 by Angela Beevers
Amazon to acquire iRobot
Home & DIY

Amazon to acquire iRobot

August 9, 2022 by Angela Beevers
Amazon workers protest over 35p pay rise
Home & DIY

Amazon workers protest over 35p pay rise

August 4, 2022 by Angela Beevers
Amazon posts second quarterly loss in a row
Home & DIY

Amazon posts second quarterly loss in a row

July 29, 2022 by Angela Beevers
Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >