Amazon is reportedly planning to open department stores

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www.cnbc.com/2021/08/19/amazon-is-reportedly-planning-to-open-department-stores-.html

Amazon is planning to open large retail locations that resemble department stores, according to a Wall Street Journal report.

The move would mark Amazon’s latest experiment with physical retail stores after stealing market share in the retail landscape from incumbents.

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The company has opened brick-and-mortar book stores, grocery stores and cashierless convenience stores in recent years.

This is a good news. Amazon is taking advantage of the economy reopening trend and trying to take market share from other traditional retailers. As consumers continuing going back stores for shopping, amazon will definitely benefit.

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