Amazon Inc is planning to open several large physical retail stores in the United States that will operate like department stores.
Amazon Plans to Open Large Retail Locations Akin to Department Stores
Online shopping pioneer wants a larger retail presence to sell clothing and household items and facilitate exchanges
The plan to launch large stores will mark a new expansion for the online-shopping pioneer into bricks-and-mortar retail, an area Amazon has long disrupted.
Some of the first Amazon department stores are expected to be located in Ohio and California, the people said. The new retail spaces will be around 30,000 square feet, smaller than most department stores, which typically occupy about 100,000 square feet, and will offer items from top consumer brands. The Amazon stores will dwarf many of the company’s other physical retail spaces and will have a footprint similar to scaled-down formats that Bloomingdale’s Inc., Nordstrom Inc. JWN and other department-store chains have begun opening, the people said.
It is unclear what brands Amazon will offer in the stores, although the company’s private-label goods are expected to feature prominently, the people said. Amazon sells scores of products including clothes, furniture, batteries and electronic devices through many of its own labels. The plans aren’t yet final and could change, these people said.
Shares of the company have fallen more than 1% this year, giving it a market value of $1.59 trillion.