Amazon Is Building Out Warehouses Like Crazy

Jeff Bezos

Amazon is on a building boom: the company has announced two new fulfillment centres in the last two days, adding a total of more than 2 million square feet.

The new centres are in Phoenix (adding to three others there) and Plainfield, Indiana, and join three other centres announced earlier this year.

During its last earnings call, the company said it would add up to 9 new centres this year, after building out 13 new ones last year.

This is basically good news for Amazon — it means that sales are booming (up 38% in Q2 from the previous year), and that the company is optimistic about the future. But it also means a temporary increase in expenses, which is what drove the stock down after Amazon’s last earnings report.

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