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Report: Amazon plans to open bigger stores, kind of like department stores but smaller

The e-commerce giant is reportedly opening 30,000-square-foot stores that will sell clothing, electronics and household goods

After years of squeezing brick-and-mortar retailers, Amazon is reportedly poised to launch its own department stores - with a focus on apparel, electronics and household goods but in a scaled-down format.

An Amazon spokeswoman declined Thursday to address the report in the Wall Street Journal. "We do not comment on rumors and speculation," she said in an e-mail to the Washington Post, whose owner Jeff Bezos is the founder and executive chairman of Amazon.

The e-commerce giant, which last year had $386 billion in sales, has been expanding into physical retail in recent years, opening grocery stores, book shops and specialty pop-ups around the country. Analysts say its latest foray - while unexpected - provides an opportunity to reach customers in a new way.

https://www.startribune.com/report-amazon-plans-to-open-bigger-stores-kind-of-like-department-stores-but-smaller/600089346/

 

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