Amazon ‘in talks to turn struggling mall department stores into warehouses’
4 years, 7 months ago

Amazon ‘in talks to turn struggling mall department stores into warehouses’

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Simon Property, one of the biggest owners of malls in the US, is reportedly in talks with Amazon about turning some of its real estate into distribution warehouses. Executives at the two firms are discussing plans to convert mall space, previously rented by J.C. Penney Co Inc and Sears Holdings Corp, into Amazon distribution centres, according to the Wall Street Journal. Retailers and department stores, across the US and beyond, are struggling to keep pace with E-commerce firms such as Amazon, who typically have fewer overheads and therefore lower costs. The continued growth in online shopping saw Amazon’s founder and CEO, Jeff Bezos, add $13bn to his personal fortune in a single day.

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