Amazon may be a solution for US malls

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 |  
Aug 2020
 |  
CNN Business
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Amazon may be a solution for US malls
Amazon may be a solution for US malls


US Malls are hit hard with the pandemic and they are looking for solutions as their department stores anchors are closing down. Amazon may be a solution: they have engaged discussions with mall owners to open Amazon distribution hubs, on former JC Penney and Sears locations. The trick? At a $4 rent per square foot for Amazon, compared to a regular $19 for department stores, mall owners show that they are ready to significantly lower their margins to remain relevant, thanks to their central and accessible locations.

Read two articles below


Amazon may take over old JC Penney and Sears

Abandoned mall department stores may become Amazon fulfillment centers 


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