Amazon Eyeing Mall Anchor Stores as Fulfillment Centers
Source: Ecommerce Times
In efforts to increase its spread across the US, Amazon is huddling with the largest mall owner in the United States to turn anchor stores into fulfillment centers.
The deal with Simons Property Group would give Amazon access to space formerly occupied by Sears and J.C. Penney, both of which have filed for bankruptcy, the Wall Street Journal has reported.
If Amazon can close the deal, it would give the company access to some valuable geography that it ordinarily wouldn’t have access to. “It’s difficult to get warehouses in suburban areas,” observed Gene Munster, co-founder of Loup Ventures, a venture capital firm in Minneapolis.
“There’s also the potential for adding, eventually, a brick-and-mortar experience,” he told the E-Commerce Times.
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