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

When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

Promoted Headlines

Most Popular