Amazon is on a building boom: the company has announced two new fulfillment centers in the last two days, adding a total of more than 2 million square feet.
The new centers are in Phoenix (adding to three others there) and Plainfield, Indiana, and join three other centers announced earlier this year.
During its last earnings call, the company said it would add up to 9 new centers 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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