Amazon Continues Eyeing Sears and J.C. Penney Operations as Sites for Potential New Fulfillment Centers
UNITED STATES - In May of this year, Amazon made retail tongues wag when people familiar with the matter reported that the e-tailer was looking at J.C. Penney as a potential acquisition. Building upon that rumor, the largest mall owner in the United States, Simon Property Group, has been in talks with Amazon to take over space left by increasingly out-of-demand department stores.
According to a report from The Wall Street Journal, Simon Property Group has been exploring with Amazon the possibility of using these department stores as new fulfillment centers or distribution hubs. People familiar with the matter noted that these talks have centered around the acquisition and conversion of stores formerly or currently occupied by either J.C. Penney or Sears.
Although uncertain how many stores are under consideration, these talks exemplify why Amazon has maintained its position as a retail tour de force. Utilizing the power of e-commerce with the strategic positioning of brick-and-mortar hubs, Amazon is one such competitor always looking to the future.
How will these potential centers help Amazon enter into new markets? Will we soon see grocery blend with traditional department outlets? AndNowUKnow will be here to report.