September 20, 2020

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Amazon has a plan to save vacant mall department stores

Amazon is reportedly in talks with mall owners to use empty department stores previously operated...

Amazon is reportedly in talks with mall owners to use empty department stores previously operated by J.C. Penney and Sears as distribution hubs, and it, coupled with Apple’s high retail draw give American malls the best chance to withstand the coronavirus pandemic.

The Anchorage 5th Avenue Mall [via Simon]

Online retail has been a thorn in brick and mortar retail’s side, with consumers shifting their attention to cheaper virtual storefronts instead of the real thing. The financial troubles of major retailers like J.C. Penney and Sears has put a strain on the commercial real estate industry, which has reportedly prompted Amazon to take advantage of the decline of malls.

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