Thread regarding Macy's Inc. layoffs

Now mall operators are begging at the feet of Amazon

The largest mall owner in the U.S. has been in talks with Amazon.com Inc., the company many retailers denounce as the mall industry’s biggest disrupter, to take over space left by ailing department stores.

Simon Property Group Inc. has been exploring with Amazon the possibility of turning some of the property owner’s anchor department stores into Amazon distribution hubs, according to people familiar with the matter. Amazon typically uses these warehouses to store everything from books and sweaters to kitchenware and electronics...

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| 1071 views | | 3 replies (last August 11, 2020) | Reply
Post ID: @OP+16nYZPRl

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simon sees the future and its not Macys

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Post ID: @1idc+16nYZPRl

Simon Properties not begging. It’s simple business, supply and demand.

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Post ID: @1miw+16nYZPRl

The talks between Amazon and Simon reflect a growing trend in the retail industry of stores and malls turning into warehouses.

“Underperforming retail sites have become an ideal location for last-mile warehouse developers,” real estate research firm CBRE said in a report last month. “The disruption to the retail sector and the growth of e-commerce will continue to increase the viability” of these conversions.

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