Headlines

Amazon Opening New Retail Experience, Similar to Department Store

The online behemoth is reportedly looking for a physical experience to sell goods and facilitate returns and exchanges.

Published

3 years ago

August 19, 2021

VMSD Staff

Amazon Opening New Retail Experience, Similar to Department Store — The outside of an Amazon Go location. Photography: Courtesy of Amazon

The outside of an Amazon Go location. Photography: Courtesy of Amazon

Amazon.com Inc. (Seattle) has announced its intentions to open a new retail experience, similar to a department store, The Wall Street Journal reports. The company reportedly plans to sell home goods, electronics and other items and may also offer exchange services.

The first concepts are expected to open in California and Ohio and will be set around 30,000 square feet. There’s no official confirmation of what the company plans to sell in store, but speculation is that their own private labels will be heavily showcased.

According to CNBC, Amazon’s market share fell more than 1 percent this year and it currently has a market valuation of $1.59 trillion USD.

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

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