E-commerce giant Amazon.com Inc, as part of efforts to expand its retail networks, plans to open several large physical retail outlets in the United States, which will operate on a department store model, selling clothing, household items, and electronics, writes The Wall Street Journal.
The online shopping pioneer has managed to spoil a lot of nerves for the usual physical retail stores, beating off their clientele, and now with a plan to launch large stores, Amazon will compete even more with other retailers.
According to informed sources, the first Amazon department stores will be located in Ohio and California, and the new retail space will occupy about 30,000 square feet - less than most department stores, which typically occupy about 100,000 square feet, and will offer leading consumer products. brands.
Amazon's department stores will be smaller than the company's other physical retail space, similar to the smaller-format stores that Bloomingdale's, Nordstrom, JWN and other department store chains have begun to open.
It is not yet clear what brands Amazon will offer in these stores, although there will certainly be private label merchandise. Besides, autumn is just around the corner! This is the start of a new business year. And also, according to the forecasts of virologists, we will be able to observe a new wave of Coronovirus. Which will entail a new wave of lockdowns. Therefore, online trading will be highly popular and Amazon shares will most likely resume their growth!
The online shopping pioneer has managed to spoil a lot of nerves for the usual physical retail stores, beating off their clientele, and now with a plan to launch large stores, Amazon will compete even more with other retailers.
According to informed sources, the first Amazon department stores will be located in Ohio and California, and the new retail space will occupy about 30,000 square feet - less than most department stores, which typically occupy about 100,000 square feet, and will offer leading consumer products. brands.
Amazon's department stores will be smaller than the company's other physical retail space, similar to the smaller-format stores that Bloomingdale's, Nordstrom, JWN and other department store chains have begun to open.
It is not yet clear what brands Amazon will offer in these stores, although there will certainly be private label merchandise. Besides, autumn is just around the corner! This is the start of a new business year. And also, according to the forecasts of virologists, we will be able to observe a new wave of Coronovirus. Which will entail a new wave of lockdowns. Therefore, online trading will be highly popular and Amazon shares will most likely resume their growth!