Women’s Wear Daily
04.21.2014
business-features
business-features

Newsmaker of the Year: The Twenty Nominees

WWD editors have chosen a host of nominees, all of whom have made dramatic headlines this year.

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Jeff Bezos

Photo By Steve Eichner

JEFF BEZOS

TITLE: Chairman, president and chief executive officer.

COMPANY: Amazon.com Inc.

NOMINATED FOR: Bezos founded Amazon.com in 1994 in his Seattle-based garage and 17 years later it reigns as the e-commerce leader for market share and innovation. Last month, the e-tail giant revealed it has leased a 40,000-square-foot space in Brooklyn’s Williamsburg neighborhood that will serve as a photography studio catering to Amazon Fashion, which also owns MyHabit and Shopbop, and is the fastest-growing business at the company. Amazon.com commands more than a third of domestic mobile commerce, and many credit the introduction in 2005 of Amazon Prime — a membership program with a $79 flat rate that offers free two-day shipping on eligible purchases and unlimited live-streaming of thousands of movies and TV shows — as one of the most significant innovations in the space in the past 15 years. During the site’s first 30 days in business, Amazon.com was able to fulfill orders for customers in 50 states and 45 countries, when it was primarily a bookseller. Amazon shook up the media world with the introduction of the first Kindle e-reader in 2007.


In 2000, the e-tailer began to offer its e-commerce platform to other retailers and sellers, now boasting more than two million small businesses, brands and sellers in more than 190 countries. In the third quarter ended Sept. 30, Amazon posted a net loss of $274 million versus a year-ago profit of $63 million, as the company continued to invest heavily in infrastructure like warehouses. Net sales for the quarter totaled $13.81 billion versus $10.88 billion a year ago.

 

NEXT: Tory Burch >>

 

Vote Here for Newsmaker of the Year >>


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