amazon.com

Amazon.com, Inc. often referred to as simply Amazon, is an American electronic commerce and cloud computing company with headquarters in Seattle, Washington. It is the largest Internet-based retailer in the United States. Amazon.com started as an online bookstore, later diversifying to sell DVDs, Blu-rays, CDs, video downloads/streaming, MP3 downloads/streaming, audiobook downloads/streaming, software, video games, electronics, apparel, furniture, food, toys and jewelry. The company also produces consumer electronics—notably, Amazon Kindle e-book readers, Fire tablets, Fire TV and Fire Phone—and is the world's largest provider of cloud infrastructure services (IaaS). Amazon also sells certain low-end products like USB cables under its in-house brand AmazonBasics.

Amazon has separate retail websites for United States, United Kingdom and Ireland, France, Canada, Germany, Italy, Spain, Netherlands, Australia, Brazil, Japan, China, India and Mexico. Amazon also offers international shipping to certain other countries for some of its products. In 2011, it professed an intention to launch its websites in Poland and Sweden.

In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization.

Amazon was incorporated in 1994, in the state of Washington. In July 1995, the company began service and sold its first book on Amazon.com: Douglas Hofstadter's Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought. In October 1995, the company announced itself to the public. In 1996, it was reincorporated in Delaware. Amazon issued its initial public offering of stock on May 15, 1997, trading under the NASDAQ stock exchange symbol AMZN, at a price of US$18.00 per share ($1.50 after three stock splits in the late 1990s).

Amazon's initial business plan was unusual; it did not expect to make a profit for four to five years. This "slow" growth caused stockholders to complain about the company not reaching profitability fast enough to justify investing in, or to even survive in the long-term. When the dot-com bubble burst at the start of the 21st century, destroying many e-companies in the process, Amazon survived, and grew on past the bubble burst to become a huge player in online sales. It finally turned its first profit in the fourth quarter of 2001: $5 million (i.e., 1¢ per share), on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed. In 1999, Time magazine named Bezos the Person of the Year, recognizing the company's success in popularizing online shopping.

Barnes & Noble sued Amazon on May 12, 1997, alleging that Amazon's claim to be "the world's largest bookstore" was false. Barnes and Noble asserted, "It isn't a bookstore at all. It's a book broker." The suit was later settled out of court, and Amazon continued to make the same claim." Walmart sued Amazon on October 16, 1998, alleging that Amazon had stolen Walmart's trade secrets by hiring former Walmart executives. Although this suit was also settled out of court, it caused Amazon to implement internal restrictions and the reassignment of the former Walmart executives.


Stay in the heart of London

Nestled behind Buckingham Palace, this luxurious hotel is opposite the Royal Mews. It has striking rooms, a generous supply of free snacks and canapés, attentive 5-star service, and a wood-panelled Executive Lounge.

Guests are offered complimentary snacks all day during their stay. Snacks include fresh fruit, crisps, and a selection of dried fruit & nuts, sweets, chocolates and toffees. Small tubs of Judes ice cream, freshly baked scones with jam and clotted cream, and evening canapés are also on offer.

With a stylish black-and-white theme, each bedroom has a handmade mattress, air-conditioning and luxury bedding. There are on-demand movies, iPod docks and marble bathrooms with bathrobes and Penhaligon's toiletries.

41 is 500 m from London Victoria Tube and Train Station. Westminster Abbey, the Houses of Parliament and Piccadilly Circus are less than 1.6 km away.

The quiet and exclusive 41 hotel feels like a traditional London club. The Executive Lounge has a glass roof for bright breakfasts, afternoon teas and sampling the all-day menu.

Westminster is a great choice for travellers interested in shopping, parks and theatre.

This is our guests' favourite part of London, according to independent reviews.

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This property has been on Booking.com since 17 Aug 2009.
Hotel Rooms: 28, Hotel Chain: Red Carnation Hotels


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17.05.2012

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