Wednesday, February 3, 2016

Amazon eyes more physical bookstores?


While many businesses shift from retail stores to selling goods online, an e-commerce giant could be diving further into brick-and-mortar retailing.

Amazon is reportedly opening as many as 300 to 400 more physical stores in the US.

That is according to an executive of a major US mall operator, General Growth Properties, though it is unclear where it got its figure of potential stores.

An Amazon spokesperson said it does not comment on what it calls "rumors and speculation."

Amazon started out two decades ago by selling books online. It has since branched out into other products as well as other ventures, such as producing original content for its streaming service.

Last November, Amazon opened its first physical bookstore in Seattle.

-ANC's News Now, February 3, 2016

source: www.abs-cbnnews.com