When Source Interlink exited the magazine distribution business at the end of May, 2014, retailers that collectively represented 30% of the U.S. market were suddenly without service with no way to get fresh magazine product. It was the largest disruption in the history of the magazine distribution industry, considering that Anderson News represented slightly more than a 25% market share when they closed their doors in early 2009. Total U.S. sales dropped by over 26% in units and nearly 20% in dollars in the third quarter, 2014. These figures include sales for all retail accounts, including those that had no service disruption. The sales for stores previously serviced by Source were estimated, based on several factors. Considering that some product delivered by Source was discarded by retailers, it was impossible for MagNet to get an accurate sales number for titles and issues delivered by Source, that were off-sale in the third quarter.
Amazon.com, Inc. (NASDAQ: AMZN) today announced plans to open its first fulfillment center in the state of Iowa in the city of Bondurant. The site, which is anticipated to launch in late 2020, will create 1,000 new full-time jobs with industry leading pay and comprehensive benefits starting on day one.
“We are delighted to be opening our first Iowa fulfillment center in the city of Bondurant and look forward to creating 1,000 new, full-time jobs with Amazon’s $15 minimum wage and industry-leading benefits,” said Alicia Boler Davis, Amazon’s vice president of global customer fulfillment. “The site will help us continue to serve customers with great delivery options and we appreciate the strong support from local and state leaders.”
“Amazon’s announcement is jet-fuel for Iowa’s future. Amazon’s investment in East Polk County, and the Bondurant community ushers in a new era of innovation, with lasting benefits for employees, our citizens, our local businesses, and our state. Bondurant’s partnership with Amazon’s fulfillment center will spark growth for Main Street entrepreneurs, builds on Iowa’s high standard of living, and will improve hometown quality of life for families across Iowa,” noted Senator Zach Nunn (R-Bondurant).
At the new 645,000 square-foot fulfillment center employees will work alongside Amazon robotics to pick, pack and ship small items to customers such as books, electronics and toys.
“The city of Bondurant has seen tremendous growth and success over the last decade. Today’s announcement by Amazon will add another chapter to our city’s story. This is great news for the hundreds of Iowans who will be employed at the fulfillment center as well as the people of Bondurant,” noted State Representative Brian Lohse.
more at: https://press.aboutamazon.com/news-releases/news-release-details/amazon-announces-first-iowa-fulfillment-center