NEW YORK, Aug 19 — Aiming for a bigger presence in US brick-and-mortar retail, Amazon plans to open “several” multipurpose shopping venues similar to department stores, The Wall Street Journal reported today. The stores will sell household items, electronics and apparel, showcasing Amazon’s...
NEW YORK, Aug 19 — Aiming for a bigger presence in US brick-and-mortar retail, Amazon plans to open “several” multipurpose shopping venues similar to department stores,The stores will sell household items, electronics and apparel, showcasing Amazon’s private-label merchandise, the newspaper said, citing people familiar with the matter. An Amazon spokesperson said, “we do not comment on rumours and speculation.
At around 30,000 square feet, the new shops would be far smaller than traditional department stores but bigger than most existing physical retailers in the company’s network, which includes bookstores and smaller grocery shops. But like other brick-and-mortar shops, department stores have lost market share to online vendors, as well as big-box stores including Walmart and Target.
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