Amazon May Take Over Closed Sears And JC Penney Stores
If we learned anything during the early days of the coronavirus pandemic, it was that, when it comes to retail, Amazon is king!
We used the online retailer to order everything from face masks, to gardening supplies, to toilet paper.
Recently, however, many people have experienced a lag in the time it takes to get their orders fulfilled. Some people have reported waiting weeks for the delivery of products that were supposed to arrive in just a few days.
It looks like the retailer has found a unique solution to the problem.
According to Engadget, the monolithic retailer is planning to turn storefronts formerly occupied by JC Penney and Sears into local fulfillment centers.
No word on exactly where we could see these Amazon centers pop up, but it appears they have already started working with the Simon Property Group. The multi-national retail real estate group owns properties in the United States, Mexico, Japan, and several other countries. With regard to New England, they own an outlet mall in Kittery, an outlet mall in Merrimack (NH), and several properties near Boston.
There is also a chance that they could be working with other mall owners.
There's a good chance that current mall tenants may not be all that thrilled with the idea of their major competition popping up next door. But, with the coronavirus-caused economic downturn, many landlords won't have a choice if they want to continue to stay afloat.
We'll just have to wait and see.
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