amazon: Amazon plans to open large physical retail stores in U.S.
From retail.economictimes.indiatimes.com
2021-08-20 02:35:00
Excerpt:
Amazon.com Inc is planning to open large physical shops in the United States that will operate like department stores, the Wall Street Journal reported on Thursday, as the e-commerce giant expands its footprint in brick-and-mortar retail.
Some of Amazon’s first department stores are expected to open in Ohio and California, the report said, adding that the shops will be about 30,000 square feet in size and offer products from well-known consumer brands.
Amazon declined to comment on the report.
Sales at large department stores, which were shopping havens until the entry of online players especially Amazon, have since taken a beating, even leading to the bankruptcy of once popular retail chains such as Sears, Neiman Marcus, and J.C. Penney.
Amazon, which dominates the online shopping space, had made its biggest bet in the brick-and-mortar format with its acquisition of upscale grocer Whole Foods in 2017.
Amazon also experimented with small physical stores for books and groceries in at…
