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Old Posted Aug 10, 2020, 5:54 PM
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Amazon reportedly wants to take over JCPenney and Sears stores to turn malls into giant fulfillment centers

https://www.businessinsider.com/amaz...-report-2020-8

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- Department stores in malls across the US struggling to stay in business as shoppers increasingly turn to e-commerce could soon be transformed into Amazon fulfillment centers. Amazon is in talks with Simon Property Group, America's biggest mall owner, to turn empty retail space into Amazon warehouses that process and ship online orders, The Wall Street Journal reported on Sunday. — As part of the deal, Amazon could take over anchor department-store spaces previously occupied by Sears and JCPenney, both of which have filed for bankruptcy and closed dozens of stores in recent months. Simon is pursuing an acquisition of JCPenney, which would grant it more control over how those store spaces are used, The Journal reported. — The deal could benefit Amazon by providing well-located warehouse space in cities across the US and by allowing the online retailer to decrease its delivery times on shipments. Some of Amazon's fulfillment centers already occupy spaces in old strip malls that have gone out of business.

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