The Wall Street Journal said on Sunday.” data-reactid=”19″>What Happened: Amazon.com Inc (NASDAQ: AMZN) is in talks with Simon Property Group Inc. (NYSE: SPG), the biggest mall owners in America, to convert some of its anchor-department store spaces into Amazon fulfilment centers, The Wall Street Journal said on Sunday.
The discussions are on between Amazon and Simon property group to utilize some closed J.C. Penny and Sears stores for Amazon fulfilment centers. There is no confirmation on the exact number of stores that are currently being considered.
The discussions between Simon group with the online retail giant started even before the COVID-19 pandemic took place. The two organizations explored the idea of converting stores formerly occupied by J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon distribution centers.
According to The Wall Street Journal, the talks reflect the intersection of two trends that predate the pandemic but have been accelerated by it: the decline of malls and the boom in e-commerce.
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