Connect with us

Headlines

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.

mm

Published

on

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.

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

Promoted Headlines

Most Popular