Global  

Amazon Wants To Convert JCPenney And Sears Into Distribution Centers

Video Credit: Wochit News - Duration: 00:23s - Published
Amazon Wants To Convert JCPenney And Sears Into Distribution Centers

Amazon Wants To Convert JCPenney And Sears Into Distribution Centers

Amazon is in talks to convert JCPenney and Sears mall stores stores into distribution centers.

The Wall Street Journal reports this move could position Amazon to build out its order capacity amid the pandemic.

Amazon is discussing working with US mall operator Simon Property Group to convert mall stores into hubs to help complete Amazon's online orders.

Business Insider predicts Amazon would have several deals in the works by the end of 2020 to pick up stores from struggling retailers.


You Might Like


💡 One News Page Knowledge: Other News Mentions

Amazon (company) Amazon (company) American technology and e-commerce company

Netflix Declares More Than $1.3 Billion In UK Revenue [Video]

Netflix Declares More Than $1.3 Billion In UK Revenue

On Saturday, Netflix said it would declare more than $1.3 billion in UK revenue. The news is likely to put pressure on other tech giants like Amazon and Google many of which use tax jurisdictions to their favor. Business Insider reports Netflix has about 50 productions based in the UK, including "The Crown" and "The Witcher." Variety reports Netflix is planning to double UK spending.

Credit: Wochit News    Duration: 00:30Published

Cyber Monday iPad accessory deals: save big on cases, Apple Pencils and more Cyber Monday ...

Whether you've indulged in the Black Friday or Cyber Monday iPad deals, or already own an Apple tablet, these iPad accessory deals are sure to prove useful. You..
WorldNews

Zappos ex-boss and Las Vegas entrepreneur Tony Hsieh, 46, dies after house fire

Tony Hsieh led online retailer Zappos, acquired by Amazon, and helped transform central Las Vegas.
BBC News

Former Zappos CEO Tony Hsieh dies at 46

Photo by FilmMagic/FilmMagic

Tony Hsieh, the former CEO of online shoe retailer Zappos has died, the company confirmed Saturday. Hsieh retired from..

The Verge

Amazon's Alexa Accused of Sharing Anti-Semitic Messages, Holocaust Lies

Alexa -- Amazon's popular virtual helper -- is spewing out hateful anti-Semitic conspiracies and even lies about the Holocaust ... according to the UK’s..
TMZ.com

J. C. Penney J. C. Penney American department store chain

What stores are closed Thanksgiving 2020? Target, Walmart, Kohl's among major retailers closed amid coronavirus

Is Walmart open on Thanksgiving? No and Target, Best Buy, Macy's, JCPenney, Dicks Sporting Goods are closed along with Costco and Sam's Club.

USATODAY.com

The Wall Street Journal The Wall Street Journal American business-focused daily broadsheet newspaper based in New York City

President-elect Biden inherits tense U.S.-China relationship

President-elect Joe Biden is entering office at a time when relations between China and the U.S. are strained. The Wall Street Journal's China bureau chief,..
CBS News
Quibi Considers Shutting Down [Video]

Quibi Considers Shutting Down

The Wall Street Journal is reporting that streaming service Quibi is considering shutting down. Quibi has struggled to gain a foothold in the streaming industry since its launch in April. Business Insider reports that Quibi has failed to attract viewers and none of its shows have become major hits. Last month WSJ reported that Quibi was exploring multiple options, including a possible sale. The company boasted Hewlett Packard Enterprises CEO Meg Whitman as its CEO.

Credit: Wochit News    Duration: 00:29Published
Goldman Sachs Lands GM's $2.5 Billion Business [Video]

Goldman Sachs Lands GM's $2.5 Billion Business

Ramin Talaie/Corbis/Getty Images Goldman Sachs won the bid for General Motors' credit-card business for roughly $2.5 billion, The Wall Street Journal reported Thursday. The Wall Street giant beat out Barclays, acquiring more than one million GM cardholders and the $8.5 billion they spend annually, according to The Wall Street Journal. This is Goldman Sachs' second co-branded card, following the Apple Card, as it looks to expand its consumer-lending business.

Credit: Wochit News    Duration: 00:34Published

Related news from verified sources

Simon reportedly in talks with Amazon to convert former Sears, JCPenney stores into distribution centers

Will Amazon open distribution centers at Simon malls? Simon Property Group is in talks to convert...
USATODAY.com - Published Also reported by •bizjournals


Report: Amazon in talks with Simon Property Group about taking department store space

Mall owner Simon Property Group Inc. (NYSE: SPG) is in talks with Amazon.com Inc. (NASDAQ: AMZN)...
bizjournals - Published


Related videos from verified sources

Amazon Considering Making Fulfillment Centers Out of Vacant Mall Space [Video]

Amazon Considering Making Fulfillment Centers Out of Vacant Mall Space

As retail companies continue to struggle, Amazon continues to grow.

Credit: Veuer     Duration: 00:52Published
Amazon In Talks To Turn Empty Stores In Malls Into Distribution Centers, Report Says [Video]

Amazon In Talks To Turn Empty Stores In Malls Into Distribution Centers, Report Says

WBZ TV's Kate Merrill reports.

Credit: WBZ CBS Boston     Duration: 00:18Published
Amazon Exploring Using Closed Sears And JC Penney Stores As Fulfillment Centers [Video]

Amazon Exploring Using Closed Sears And JC Penney Stores As Fulfillment Centers

Amazon is reportedly in talks to turn some of the shuttered stores into fulfillment centers.

Credit: KDKA CBS 2 Pittsburgh     Duration: 00:23Published