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  • We've reached the endgame: Bezos 'in talks' to turn shuttered department stores into Amazon warehouses

    08/11/2020 7:37:01 AM PDT · by Salman · 84 replies
    The Register ^ | 10 Aug 2020 | Shaun Nichols
    Amazon is reportedly in talks with realtors to buy and remake the US locations of bankrupt Sears and JC Penney into Amazon fulfillment centers. The Wall Street Journal cites sources familiar in reporting that Simon Property Group, a commercial retailer specializing in mall locations, was in talks with the Bezos' bunch to sell the now-vacant department store buildings. These will then be used as smaller, local versions warehouses for Amazon to store products before shipping out to customers. Neither Amazon nor Simon Property Group responded to a request for comment on the report. Those unfamiliar with the 1970s-1990s heyday of...