Amazon.com Extends E-Commerce Agreement with Target Corporation to 2008.Business Editors SEATTLE--(BUSINESS WIRE)--Aug. 12, 2003 Amazon.com, Inc. (Nasdaq:AMZN AMZN Amazon.com (NASDAQ symbol) ) today announced an extension of its e-commerce agreement with Target Corporation (NYSE NYSE See: New York Stock Exchange :TGT TGT Target TGT Ticket Granting Ticket (Windows 2000 Kerberos security) TGT Target Corp (stock symbol) TGT Turbine Gas Temperature TGT TDRSS Ground Terminal TGT Tank Gunnery Trainer TGT Target Tracker ). This amended contract extends the original five-year agreement to August 2008. Under the agreement, Amazon.com provides a comprehensive e-commerce solution of technology services, order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment and customer service for the Target Store at Amazon.com and Target's online properties, which include Target.com, MarshallFields.com, and Mervyns.com. "For the past two years, Target Corporation's relationship with Amazon.com has provided our guests with superior service and an engaging online shopping experience," said Target Corporation Vice Chairman Jerry Storch. "As a result of our association with Amazon.com, we increased sales significantly year-over-year for our online properties in the first two quarters of 2003, and look forward to continuing this success." "We're excited that Target chose to extend our partnership," said Amazon.com Founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jeff Bezos Jeffrey Preston Bezos (born January 12, 1964 , Albuquerque ) is the founder, president, chief executive officer, and chairman of the board of Amazon.com. Bezos, a Phi Beta Kappa graduate of Princeton University, worked as a financial analyst for D. E. Shaw & Co. . "We've worked hard on our e-commerce platform and look forward to continue bringing a best-of-breed e-commerce experience to Target's guests." Amazon.com and Target unveiled Target.com last summer, integrating offerings from Target, Marshall Field's Marshall Field's was an iconic Chicago, Illinois, department store that grew to become a major chain before being acquired by Cincinnati-based Federated Department Stores on August 30, 2005. , Mervyn's and Amazon.com. The site includes Amazon.com's personalization, product recommendations, search functionality, 1-Click(R) shopping, and a single checkout. Earlier this year, Amazon.com and Target integrated baby and wedding registries from Target's stores with its online properties and the Amazon.com platform. Additionally, Amazon.com provided enhanced tools that enable Target to better manage site content and merchandising. Amazon.com and Target opened the Target Store at Amazon.com in October of 2001. About Amazon.com Amazon.com, a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers list millions of unique new and used items in categories such as apparel and accessories, electronics, computers, kitchenware and housewares house·wares pl.n. Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen. , books, music, DVDs, videos, cameras and photo items, toys, baby items and baby registry, software, computer and video games This article is about the British magazine covering computer and video games. For the American magazine, see Computer Games Magazine. Computer And Video Games (CVG , cell phones and service, tools and hardware, magazine subscriptions and outdoor living items. Amazon.com operates six Web sites: www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.fr, www.amazon.co.jp and www.amazon.ca. This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, significant amount of indebtedness, competition, commercial agreements and strategic alliances, seasonality, potential fluctuations in operating results and rate of growth, foreign exchange rates, management of potential growth, system interruption, international expansion, consumer trends, inventory, fulfillment center optimization, limited operating history, government regulation and taxation, fraud, and new business areas. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002, and all subsequent filings. |
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