Wednesday, February 3, 2016

Amazon to Open Hundreds of Brick-and-Mortar Bookstores

I love Amazon, but there's no substitute to long hours lounging and browsing around bookstores.

At the New York Post, "Amazon to open hundreds of brick-and-mortar bookstores": Inc is planning to open hundreds of brick-and-mortar bookstores, the head of a major U.S. 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 U.S. mall operator reported quarterly earnings.

Amazon spokeswoman Sarah Gelman declined to comment...
Bezos has big plans. He's freakin' out to take over the entire U.S. economy!

I joke, but not by much. He already owns the Washington Post, one of the most important newspaper properties in the U.S., and he's seeking to open his own parcel shipping business on a scale to rival both UPS and the U.S. Postal Service. He's like a 21st-century robber baron, although no one looks at all these new tech giant moguls like that.

More at that top link.