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Amazon.com, Inc. (AMZN) Plans Three New Fulfillment Centers; Launches Comixology

Amazon.com Inc (NASDAQ:AMZN)

The e-commerce giant Amazon.com, Inc.  on Wednesday said it is opening a second fulfillment center in Joliet, Illinois, and two new warehouses in California, bringing its total number of fulfillment centers in the Golden State to nine. The new 700,000 square-foot facility in Joliet will create more than 2,000 full-time jobs. The company’s existing facility in the city has 1,500 full-time employees.

Amazon.com Inc (NASDAQ:AMZN)

In California, Amazon is launching new fulfillment centers in Tracy and Eastvale, where more than 1,500 new full-time jobs will be created. The e-commerce company’s seven existing centers in the Golden State are located in Tracy, Patterson, Moreno Valley, Redlands, Rialto and San Bernardino. It also operates sortation centers in Newark and San Bernardin.

“We are excited to continue our rapid growth in California in order to serve customers with super-fast shipping speeds and vast selection,” stated Akash Chauhan, vice president of Amazon’s North America Operations. “Since we first broke ground in California four years ago, we have found a network of support from community leaders to statewide officials, a dedicated workforce and fantastic customers.”

From the second Joliet warehouse, Amazon will ship smaller items to customers like books, toys and electronics. The company’s Eastvale facility will also be processing smaller items. While at the Tracy facility, the second in the city, the company will pick, pack and ship larger customer items, such as big-screen televisions, sports equipment and patio furniture.

Amazon’s Comixology Launches ‘Netflix For Comic Books’

Amazon.com, Inc. has launched a subscription-based comic book service, called Comixology Unlimited. The “Netflix for comics” is available for $5.99 per month only to customers in the U.S.

Users can access the comics online as well as through Comixology’s mobile app and Amazon’s Fire Tablet, according to Fortune.com. The new subscription service will include comics from different major indie presses, such as Image Comics, Dark Horse Comics, and Fantagraphics Books.

Chip Moshe, who is senior director of communications at Comixology, said the company is “excited to share our love of comics worldwide and we plan to expand Comixology Unlimited in other regions in the future,” CNET.com reported.

“Comixology Unlimited has endless access to the content in the service,” Mosher explained. “Customers have the ability to borrow up to 50 comics, graphic novels and manga from a selection of thousands. Once the they hit 50 all they need to do is return some to borrow more. The books download to your device for offline reading, too.”

Moore Capital Management Cuts Stake In Amazon

Moore Capital Management, a New York-based hedge fund founded in 1989 by billionaire Louis Moore Bacon, reduced its position in the e-commerce company, CCH Daily News reported. The fund’s latest filing revealed that the investor cut its stake in the company by 48.93%, selling 75,197 shares. At the end of March, Moore Capital held 78,500 shares of the company.

Amazon’s stock has increased by 27.6% during the last three months. The company’s stock has been the stand out performer since the broader markets hit a bottom in February. Its shares are up over 30% since plotting a low of $480, earlier in the year.

In other news, Amazon.com, Inc. (NASDAQ:AMZN)  recently scrapped price match refunds on all products, except for TVs. The company says that it was never an official policy, but it was an informal one taken advantage by astute users.

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