Money
Amazon set to open physical store – could it be a hit?
Amazon could soon open physical stores poised to be somewhat similar to “department stores”
According to the Wall Street Journal the online retailer is looking to expand its retail footprint.
The newspaper states that Amazon plans to open the stores in the United States.
WSJ states that some of the first Amazon department stores are expected to be located in Ohio and California.
It’s report highlights that the new retail spaces will be around 30,000 square feet, smaller than most department stores – which typically occupy about 100,000 square feet.
The stores will offer items from top consumer brands
The Amazon stores will dwarf many of the company’s other physical retail spaces and will have a footprint similar to scaled-down formats that Bloomingdale’s Inc., Nordstrom Inc. and other department-store chains have begun opening, the people said.
The company recently overtook Walmart as the world’s largest retail seller outside of China.