You are here

Amazon plans to open 300-400 bookstores, says mall company CEO

565.jpg
Amazon.com Inc is planning to open hundreds of brick-and-mortar bookstores, the head of a major US mall operator said.

[SAN FRANCISCO] Amazon.com Inc is planning to open hundreds of brick-and-mortar bookstores, the head of a major US mall operator said.

Such an expansion, which Amazon itself has not confirmed, would position the world's No. 1 online retailer as a competitor to booksellers such as Barnes & Noble Inc. At present, Amazon operates a single bookstore in its home city, Seattle. "You've got Amazon opening brick-and-mortar bookstores and their goal is to open, as I understand, 300 to 400 bookstores," Sandeep Mathrani, chief executive of General Growth Properties Inc, said on Tuesday.

He was responding to question about mall traffic during a conference call with analysts, a day after the No.2 US mall operator reported quarterly earnings.

Amazon spokeswoman Sarah Gelman declined to comment.

sentifi.com

Market voices on:

Amazon recently opened its first bookstore in Seattle's University Village, where visitors can also test-drive Amazon's Kindle, Fire TV and other devices. In-store and online book prices would be the same, Amazon said in November.

Barnes & Noble, the largest US bookstore chain, operated 640 bookstores across all 50 states as of Jan 1.

The Wall Street Journal first reported Mr Mathrani's comments earlier in the day. Kevin Berry, vice-president of investor relations at General Growth Properties, declined to comment beyond what was said during the conference call.

REUTERS

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom