Amazon in Talks to Turn Closed Malls Into Fulfillment Centers

A strategy that would strengthen the company’s same-day delivery services.

By
Tech
5,361 Hypes 6 Comments

Business has been booming for Amazon. As the company continues to ride the wave of its success, further expansion seems to be the logical step forward; Wall Street Journal has made a new report noting the e-commerce giant is currently negotiating agreements to turn closed malls into fulfillment centers.

It appears that even before the current COVID-19 pandemic, Amazon and Simon Property Group, a major proprietor of malls across the county, have been in talks about taking up some mall spaces. It’s a strategic move that would further strengthen Amazon’s same-day delivery services while inadvertently phasing out malls as shopping destinations. The main spaces Amazon is looking to occupy are mainly failed Sears and J.C. Penney stores. But this wouldn’t be the first time Amazon repurposed malls; the company took on similar projects in Northeastern Ohio, highlighted in Wall Street Journal’s report from back in May of last year. Amazon’s business and services continue to thrive as people are forced to spend a good majority of their time at home during the COVID-19 crisis.

In case you missed it, Jeff Bezos’ net worth jumped $13 billion USD in a single day.

Read Full Article

What to Read Next

Grateful Dead and Chinatown Market Link up for Psychedelic Crocs
Footwear

Grateful Dead and Chinatown Market Link up for Psychedelic Crocs

Bursting with colorful tie-dyed uppers.

Disney Continues to Distance Itself from Fox In Latest Renaming
Entertainment

Disney Continues to Distance Itself from Fox In Latest Renaming

20th Century Fox TV is now just called “20th Television.”

Beyoncé's 'The Lion King: The Gift' Returns to Billboard 200
Music

Beyoncé's 'The Lion King: The Gift' Returns to Billboard 200

Pop Smoke, Juice WRLD and DaBaby also appear in this week’s top 10.


Make a Statement With SANKUANZ's Silver Blade AirPods Earrings
Fashion

Make a Statement With SANKUANZ's Silver Blade AirPods Earrings

Accents for the everyday essential.

Billionaire Boys Club Taps SECRET BASE For Limited Edition Astro Boy Figure
Design

Billionaire Boys Club Taps SECRET BASE For Limited Edition Astro Boy Figure

Complete with mini replicas of NIGO and Pharrell’s iconic chains.

Rich Brian and eaJ of DAY6 Share Fan-Made "Love In My Pocket" Remix Visual
Music

Rich Brian and eaJ of DAY6 Share Fan-Made "Love In My Pocket" Remix Visual

Featuring the 88rising staple in an ‘Animal Crossing’ museum and dancing with Rick Astley.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.