Connect with us

Headlines

Amazon May Be Planning to Open 300-400 Bookstores

mm

Published

on

E-tailing behemoth continues trend of online businesses charting brick-and-mortar courses.

Walking in the footsteps of other retailers that started as online-only enterprises, Amazon may be embarking on a strategy to open 300-400 bookstores. That’s according to General Growth Properties CEO Sandeep Mathrani, who spilled the nugget during his company’s fourth quarter earnings call, Motley Fool writes. The article cites a report from the Wall Street Journal, which speculates that Mathrani – whose company owns the bulk of the country’s high quality malls, according to Yahoo – may have gotten his information from Amazon real estate executives. If the plan comes to fruition, Amazon would pose a serious threat to the brick-and-mortar existence of Barnes & Noble, which has 640 locations. Amazon opened its first U.S. bookstore in Seattle last November.

Read more at the Motley Fool

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

Promoted Headlines

Most Popular