Upcoming AWS Coverage on Vipshop Holdings

LONDON, UK / ACCESSWIRE / April 24, 2017 / Active Wall St. blog coverage looks at the headline from Amazon.Com Inc. (NASDAQ: AMZN) as the Company announced on April 21, 2017, that it plans to open three additional fulfillment centers in New Jersey. The new sites located in Cranbury Township, Edison, and Logan Township are set to create about 2,500 new, full-time jobs. Amazon launched operations in New Jersey back in 2012 and has grown its fulfillment workforce in the state to 13,000 full-time employees across seven existing facilities in Avenel, Carteret, Florence, Logan Township, and Robbinsville. Register with us now for your free membership and blog access at:

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One of Amazon.Com's competitors within the Catalog & Mail Order Houses space, Vipshop Holdings Ltd. (NYSE: VIPS), is estimated to report earnings on May 16, 2017. AWS will be initiating a research report on Vipshop Holdings following the release of its next earnings results.

Today, AWS is promoting its blog coverage on AMZN; touching on VIPS. Get all of our free blog coverage and more by clicking on the link below:

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The Announcement and Incentives

The Company plans to have a 900,000-square-foot fulfillment center in Cranbury Township and another 1-million-square-foot fulfilment center in Logan Township to ship larger customer items like music equipment, sports gear, and patio furniture. Additionally, a 900,000-square foot fulfillment center in Edison will handle smaller customer like books, toys, and kitchenware.

Full-time employees at Amazon are entitled to receive competitive hourly wages and a comprehensive benefits package including healthcare, 401(k) and the Company's stock awards. Amazon additionally offers regular full-time employees parental leave benefits and access to innovative programs like Career Choice, where the Company prepays up to 95% of tuition fees for courses related to in-demand fields regardless of their relevancy to a career at Amazon.

The 280,000-Strong Workforce

Amazon is quite noticeably one of the Country's biggest employers with more than 180,000 employees as of 2016. However, the Company recently announced on January 12, 2017, that it intends to create 100,000 additional full-time, full-benefit jobs by mid-2018. The Company has expanded rapidly over the last 5 years from 30,000 employees in 2011, to over 180,000 at the end of 2016.

A majority of the recruitments are centred on new fulfillment centers that have been announced over the past several months and are currently under construction in Texas, California, Florida, New Jersey, and many other states across the country. In addition to direct job offerings, Amazon Flex will continue to create hundreds of thousands of jobs for people across the US who aim for flexibility to start their own business, work part-time or set their own schedule.

Amazon Growth Prospects

Amazon has been on a constant expansion spree since the start of 2017. On January 04, it confirmed plans to open a second fulfillment center in Jacksonville, Florida while adding more than 1,000 full-time jobs with benefits starting on day one. Later, on January 18, Amazon announced plans to open its ninth Texas fulfillment center in Coppell and on January 31, it announced 2,000 additional jobs at the new Air Cargo Hub in Kentucky.

The California fulfillment centres, currently under construction, set to bring Amazon's Southern California regional presence to ten facilities, will create more than 2,000 new full-time associate roles when opened, according to an announcement made on February 09, 2017. Amazon additionally announced on March 29, 2017, that it will open its tenth Texas fulfillment center in Katy to create an additional 1,000 new, full-time jobs. Amazon launched operations in Texas in 2013 and had quickly grown its fulfillment workforce in the state to 10,000-plus full-time employees across seven existing facilities.

Stock Performance

At the close of trading session on Friday, April 21, 2017, Amazon.Com's share price finished the trading session at $898.53, slightly sliding 0.39%. A total volume of 2.40 million shares exchanged hands. The stock has advanced 11.16% and 9.89% in the last three months and past six months, respectively. Furthermore, since the start of the year, shares of the Company have gained 19.82%. The stock is trading at a P/E ratio of 183.45. At Friday's closing price, the stock's net capitalization stands at $428.09 billion.

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SOURCE: Active Wall Street