The biggest online bookstore of all time, Amazon.com, will now be available online in the US, the company announced today.
This will be the first time in more than a decade that Amazon will offer its own online catalog in the U.S., a move that will make it one of the largest online retailers in the world.
“Amazon.com is now the largest e-commerce platform in the United States, and we are thrilled to be able to offer the most comprehensive, comprehensive catalog available on the internet,” Amazon CEO Jeff Bezos said in a statement.
“As a result, we are making the transition to online access for our e-books and e-reader services.”
The move is the latest step in a long and complicated path for Amazon to become a fully-fledged online retailer.
For more than two decades, Amazon has operated as a privately held company.
In 2001, Amazon purchased e-book publisher HarperCollins, then called HarperCollins Publishers.
By 2004, Amazon was valued at $1.5 billion.
In the mid-1990s, Amazon opened its first retail store in the heart of Manhattan.
By 2002, it opened its second store in Brooklyn, a short walk from the Empire State Building.
By 2007, Amazon had more than 5,500 stores across the U, most of which were located in the Midwest.
The company also opened more than 500 fulfillment centers in China, Brazil, Mexico, and Germany.
Amazon also operates a huge network of warehouses in warehouses that have a capacity of tens of thousands of items.
But over the years, Amazon’s sales have stagnated.
In 2014, it posted a loss of $15.4 billion.
And Amazon has struggled to keep up with its growing online catalog and the demand for online reading.
As of the fourth quarter of 2019, Amazon said it had more online catalogs than any other bookseller, including Amazon’s own online library.
But its growth has slowed dramatically, and Amazon said its online catalog sales had declined for four consecutive quarters in 2019 and 2020.
Amazon will still offer its catalog in print, which is a huge advantage for its readers.
It will also continue to offer digital books, which are typically priced higher than traditional hardcover books, and will continue to sell its physical books, the store will announce today.
The move comes as Amazon has been losing market share in traditional bookstores, and a lot of those losses are coming from smaller, local retailers like Barnes and Noble, where it is one of three largest booksellers.
But Bezos has been able to keep his focus on the online retail business.
“We’ve spent the last year building Amazon’s e-business around the idea of giving people the best of both worlds,” Bezos said at the announcement.
“Amazon is built for people to read, and for us to sell.
So this is a big day for all of us.”
The announcement comes at a time when Amazon has seen its stock tumble in recent months, with some investors worried that Amazon’s new e-store may hurt its growth.
But Amazon has long been the most profitable online bookseller in the country, and the company has said that it’s still profitable despite the online catalog.