Mainstream News

Amazon reportedly plans to open big retail outlets akin to department stores

Amazon reportedly plans to open big retail outlets akin to
department stores 1

Amazon is reportedly planning to open a chain of larger retail outlets similar to department stores that will sell everything from household goods to clothing.

The Seattle-based e-commerce giant is expanding into larger retail locations of about 30,000 square feet, aiming to create one-stop-shopping destinations where it will likely showcase its private label brands, according to a Wall Street Journal report.

The first stores will likely be in Ohio and California, according to the report, adding that the timing of the their opening and specific details about them, including which spaces they might be taking over, was not immediately clear.

Most department stores are three times the size of the proposed Amazon stores.

Amazon already operates 500 Whole Foods stores nationwide after acquiring the chain in 2017, as well as some 20 bookstores and two dozen Amazon 4-Star stores, which showcase popular gadgets, books and household items including kitchenware. Amazon has also been shopping for locations for its Amazon Fresh grocery stores, one of which is in a former Fairway Market store in Paramus, NJ.

Amazon has been expanding its grocery store footprint.
MediaNews Group via Getty Images

With so many vacant bricks and mortar spaces vacant thanks to the pandemic, the online giant has plenty of options.

Price & Product Availability Tracker

Discover where products are available & compare prices

Amazon executives have long sought insight into consumers’ shopping habits in physical stores and are likely looking to better showcase their own products to shoppers who otherwise might not have tried them, The Journal said, citing a person familiar with the plan.  

A store closing sign outside of a JCPenney store.
Many department stores closed for good during the pandemic, leaving lots of available retail space.
SOPA Images/LightRocket via Gett

Amazon did not immediately respond to requests for comment.

Read the Full Article

Mainstream News

Prepare Now Before its too Late

Discover where products are available & compare prices

Restaurants, gyms sue NYC Mayor Bill de Blasio over COVID-19 vaccine mandate
Daily Digest 8/19 — Fed’s Bullard Tells MarketWatch Coronavirus Delta Variant Won’t Derail the U.S. Economy; Siberian Wildfires Double Greenhouse Gas Emission Record…

You might also like
Menu