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

Posted on 02/02/2016 3:34:50 PM PST by Red in Blue PA

(Reuters) - Amazon.com 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.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: amazon
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To: cyclotic

“I think they are grooming her to supervise it. She’s getting lots of opportunities to plan and run special events, story time etc. They had a small Maker Fair a few weeks ago and last week she donned the Clifford the Big Red Dog costume for some event.”

A lot of my supervisors could have been cartoon characters... :)


61 posted on 02/02/2016 5:09:47 PM PST by PLMerite (The Revolution...will not be kind.)
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To: Red in Blue PA

Best to assume it’s not stupid, and discern what’s smart about it.

By doing this, Amazon...
encroaches on competing brick and mortar turf
establishes pickup options
lowers shipping costs
builds local mini warehouses
enables physical browsing
facilitates “one hour” shipping


62 posted on 02/02/2016 5:10:33 PM PST by ctdonath2 (History does not long entrust the care of freedom to the week or the timid. - Ike)
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To: upsdriver

I bought a Kindle a few years back but lately have been buying 100% hard copies.


63 posted on 02/02/2016 5:21:08 PM PST by Red in Blue PA (war is peace, freedom is slavery, ignorance is strength, obama loves America)
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To: Red in Blue PA

There is nothing like browsing around a bookstore.

.


64 posted on 02/02/2016 5:22:38 PM PST by Mears
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To: Red in Blue PA

Does he hope to put Barnes and Noble out of business and then have it all?


65 posted on 02/02/2016 5:23:00 PM PST by I want the USA back (The further a society drifts from the truth, the more it will hate those who speak it. Orwell.)
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To: ctdonath2

Indeed.

Amazon rarely does stupid.


66 posted on 02/02/2016 5:23:55 PM PST by Red in Blue PA (war is peace, freedom is slavery, ignorance is strength, obama loves America)
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To: Red in Blue PA

Bye bye tax free savings. Amazon saves me 8% on each purchase.


67 posted on 02/02/2016 5:24:32 PM PST by DCBryan1 (No realli, moose bytes can be quite nasti!)
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To: Red in Blue PA

Why, you can read samples, reviews, ask questions of previous readers at Amazon site and have ebooks delivered instantly, hard copies in a couple days. Why bother with bookstores?

I only use the library online now to checkout their ebooks through Amazon. And that service is 24/7.

Absolutely no reason for more bookstores.


68 posted on 02/02/2016 5:25:13 PM PST by Let's Roll (So much left-wing thought is playing with fire by those who don't even know fire is hot - Orwell)
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To: ctdonath2
By doing this, Amazon...
encroaches on competing brick and mortar turf
by embracing property taxes, sales taxes,  & depreciation?
establishes pickup options
pickup can't get any easier than Kindle
lowers shipping costs
only applies to in-stock items.  inventory carrying costs
builds local mini warehouses
decentralization adds people, payroll cost
enables physical browsing
already have "see-inside" online
facilitates "one hour" shipping
can't be any faster than Kindle.

69 posted on 02/02/2016 5:26:13 PM PST by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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To: Red in Blue PA
Sounds familiar...


70 posted on 02/02/2016 5:28:08 PM PST by GreenLanternCorps (Hi! I'm the Dread Pirate Roberts! (TM) Ask about franchise opportunities in your area.)
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To: Red in Blue PA

Books are beautiful, but heavy.


71 posted on 02/02/2016 5:31:32 PM PST by Rome2000 (SMASH THE CPUSA-SIC SEMPER TYRANNIS-CLOSE ALL MOSQUES)
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To: ctdonath2
Yeah, also the whole tax issue considering online orders.

They would handle returns, do phones, have food etc. Might work.

I don't discount Amazon, I like the fact they will 'try' something unexpected/expected kinda the whole point.

Good for them, glad they want to create some jobs.

72 posted on 02/02/2016 5:34:45 PM PST by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: sparklite2

Bezos is just trying to discombobulate the public so when all of the real bookstores close, he can then say he had skin in the game too and avoid blame.

Was in Barnes and Noble yesterday, what a fantastic place.

Lots of great products, just don’t see enough customers to make these cathedrals to knowledge and beauty profitable.


73 posted on 02/02/2016 5:36:26 PM PST by Rome2000 (SMASH THE CPUSA-SIC SEMPER TYRANNIS-CLOSE ALL MOSQUES)
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To: who_would_fardels_bear

I buy my books on-line from B&N and have them delivered to the nearest B&N.

That way I don’t have to worry about my packages getting stolen off my porch before I get home.

...

Perhaps Amazon will do that for books only. I don’t think the stores would be big enough to handle shipping for all their products.

From another article a few weeks ago on this subject it was speculated that these stores are for marketing and advertising the Amazon brand and probably won’t make money by themselves.


74 posted on 02/02/2016 5:36:56 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Moonman62

The notion makes about as much sense
as buying up newspapers.


75 posted on 02/02/2016 5:40:09 PM PST by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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To: Red in Blue PA

Amazon has a wide range of products, I expect it will not be a traditional book store.


76 posted on 02/02/2016 5:42:09 PM PST by dangerdoc ((this space for rent))
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To: Red in Blue PA

Hard copies will still be around when the EMP hits...


77 posted on 02/02/2016 5:42:21 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: CondorFlight
I recall when Amazon was just getting off the ground. Bill Bonner couldn't grasp the business plan, so he mocked it, calling it "the river of no returns." Stock price was about 8 bucks. Unfortunately, I believed Bonner.

I would hesitate to second guess Amazon until or unless I knew just what they had in mind.

78 posted on 02/02/2016 5:59:22 PM PST by hinckley buzzard
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To: Red in Blue PA
They probably all ready have a hundred warehouse across United States. And they are constantly shipping stuff from one warehouse to another so that each warehouse has a little bit of everything. They probably can pretty much stock three or four stores easily from one near by warehouse without hardly any cost.

And hell you can buy practically anything on Amazon on line, some states allow you to buy beer and wine from Amazon. They can sell the idea of opening book stores etc and carry a little bit of everything, just enough of this and that to let people get an idea of what Amazon is all about, Some people think they are just about books and stuff that you would find in a book store, but they would not think of buying hardware like you buy at your local hardware store from them too, that is just an example of what Amazon carries. Amazon would probably have the store employees fill a small amount of orders within the stores from stuff that was order online, and get it deliver to local customers in a very short period of time.

79 posted on 02/02/2016 6:04:03 PM PST by ReformedBeckite (1 of 3 I'm only allowing my self each day)
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To: eyedigress
I see it as a delivery outlet.

Or a return center. Either way, this is about more than competing with Barnes & Noble. Companies like Sears and Penney's that are in precarious shape should be very worried.

80 posted on 02/02/2016 6:04:07 PM PST by Charles Martel (Endeavor to persevere...)
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