Aug 19, 2021
Amazon 'planning to open department stores in US'
After branching out into grocery and gadget shops, the e-commerce giant now reportedly plans to go much further - opening several large bricks-and-mortar retail sites akin to department stores. Amazon, which is now the world's largest retailer outside of China, has been instrumental in driving more shopping online - a trend that has pushed many bricks-and-mortar stores to the brink. Managing director of retail analysts GlobalData, said Amazon's move into "Big box retail" would make sense despite warnings that "The department store format is dead". "Department stores did not die because the concept of a store that stocks many goods is irrelevant. If this were so a retailer like Target, which is essentially a department store for the modern era, would not be thriving," he said. "Stores will help Amazon do a much better job of showcasing its offer," he added.
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