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Amazon Opening New Retail Experience, Similar to Department Store

The online behemoth is reportedly looking for a physical experience to sell goods and facilitate returns and exchanges.

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The outside of an Amazon Go location. Photography: Courtesy of Amazon
The outside of an Amazon Go location. Photography: Courtesy of Amazon

Amazon.com Inc. (Seattle) has announced its intentions to open a new retail experience, similar to a department store, The Wall Street Journal reports. The company reportedly plans to sell home goods, electronics and other items and may also offer exchange services.

The first concepts are expected to open in California and Ohio and will be set around 30,000 square feet. There’s no official confirmation of what the company plans to sell in store, but speculation is that their own private labels will be heavily showcased.

According to CNBC, Amazon’s market share fell more than 1 percent this year and it currently has a market valuation of $1.59 trillion USD.

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Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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