Target Corporation (NYSE:TGT) and Amazon Enterprise
Solutions today announced that they have extended their e-commerce
relationship to August 2010. This revised agreement extends by two
years the existing alliance and reflects the strength and strategic
alignment of the partnership between Target and Amazon Enterprise
Solutions. Under the terms of the amended agreement, Amazon Enterprise
Solutions will continue to provide a comprehensive e-commerce
technology solution in addition to providing portions of Target.com's
order fulfillment and guest services operations in exchange for fixed
and variable fees.
"Through our association with Amazon Enterprise Solutions, Target
has enjoyed tremendous growth and provided our guests with a superior
online shopping experience," said Dale Nitschke, president of
Target.com. "We are pleased that Target will be able to remain focused
on our core strengths of merchandising and design, while continuing to
benefit from Amazon's innovation and expertise."
"Target has been a terrific partner over the past six years and we
are pleased that they chose to extend our agreement," said Wes Herman,
vice president of Amazon Enterprise Solutions. "We look forward to
continuing our work to invent innovative solutions that make the
shopping experience on Target.com the best it can be for their
guests."
About Target
Target Corporation's operations include large, general merchandise
discount stores and a fully integrated on-line business through which
we offer a fun and convenient shopping experience with thousands of
highly differentiated and affordably priced items. The company gives
back more than $2 million each week to its local communities through
grants and special programs. The company currently operates 1,418
Target stores in 47 states. Forward-looking statements in this release
should be read in conjunction with the cautionary statements in
Exhibit (99)C to the company's 2005 Form 10-K. Target Corporation news
releases are available at www.target.com.
About Amazon Enterprise Solutions
Amazon Enterprise Solutions works with retailers to help grow
their online and multi-channel businesses. By working with Amazon
Enterprise Solutions, retailers can combine their own brands with the
e-commerce expertise, proven technology, and operational
infrastructure of Amazon to create a world-class online shopping
experience for their customers. Amazon Enterprise Solutions is part of
the Amazon.com, Inc. (NASDAQ:AMZN) group of companies.
Amazon Forward-Looking Statement
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Actual results may differ
significantly from management's expectations. These forward-looking
statements involve risks and uncertainties that include, among others,
risks related to competition, management of growth, potential
fluctuations in operating results, international expansion, outcomes
of legal proceedings and claims, fulfillment center optimization,
seasonality, commercial agreements, acquisitions and strategic
transactions, foreign exchange rates, system interruption, significant
amount of indebtedness, inventory, limited operating history,
government regulation and taxation, payments, fraud, consumer trends,
and new business areas. More information about factors that
potentially could affect Amazon.com's financial results is included in
Amazon.com's filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended December
31, 2005, and all subsequent filings.