Amazon is planning to open hundreds of physical bookstores, according to a large mall CEO who spoke to Dow Jones.
Source: www.cnbc.com
Amazon is gearing up to expand the brick-and-mortar bookstore concept it launched in Seattle last year to as many as 400 locations, General Growth Properties CEO Sandeep Mathrani said Tuesday. Rivals Barnes & Noble and Books-A-Million operate 640 and 255 stores, respectively. Amazon’s Seattle store sells Amazon’s Kindle and Fire devices, as well as about 5,000 print titles. CNBC(2/2), The Wall Street Journal (tiered subscription model)