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

It’s Going to Set Us Up Very Nicely for Retirement

You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

Promoted Headlines

Most Popular