Word: amazone
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...company is Amazon.com--arguably the hottest ticket on the runaway train of electronic commerce--you surely might. Presuming, of course, you're not already late to the station. Amazon's stock, which rose more than 37 points in a single day last week, is flirting with doubling its value in the month of November alone. Analysts attribute that rise mainly to the seemingly boundless potential of e-commerce, or retailing on the Internet--a subject fresh on the minds of shoppers and investors this holiday season. Internet consumers will buy $3.5 billion worth of goods in the last three months...
Investors eager to ride this trend often turn to Amazon after starting out as satisfied online buyers of its books--and now of its music CDs, videos and gifts. The company has spent heavily to establish a brand name and reputation from scratch, with no brick-and-mortar stores to springboard its efforts. "Brand name is critically important to retailing, and Amazon paid dearly for it," notes Marie LaTour Kadison, senior analyst at Forrester. "They knew it was imperative [to establish a brand identity] before companies like Barnes & Noble and Borders came online...
...Amazon has managed to hold that early lead, amassing a base of 4.5 million customers that is the envy of the "e-tailing" world. Service has been its secret weapon. Its website deftly mixes simplicity with depth, offering book reviews and personalized recommendations. Orders automatically generate a thank-you e-mail. And Amazon will hunt down any title you can't find, even out-of-print books, with the friendly zealousness of a small-town Midwesterner giving you directions to the doughnut shop. "Word of mouth is incredibly powerful online," explains Jeffrey Bezos, 34, Amazon's founder...
While the selection at Amazon is far greater than even at the megabookstores, and the shopping is PC-potato easy, it's seldom cheaper and certainly not faster. Amazon chops an impressive 30% or 40% off the list prices of most hardcovers, but standard shipping adds back about $4 and takes three to seven business days. Next-day shipping runs $11, eating nearly every penny of the $11.58 you'd save on Tom Wolfe's A Man in Full, for instance, compared with the full list price...
...week before Thanksgiving, Amazon announced it would try its hand at stuffing stockings with videos and an assortment of holiday gifts, including toys and electronic games. There's reason to believe the crossover can work. Amazon began selling music in June and quickly grabbed the lead in online CD retailing...