Browse Tag: online retail

GGP CEO: Amazon’s Planning Hundreds Of Physical Bookstores

On this week’s earnings call, General Growth Properties CEO Sandeep Mathrani took a question about today’s foot traffic in GGP’s numerous malls located nationwide. In the answer was a piece of news the retail property world only might have anticipated: Amazon.com is planning on a radical expansion of its brick-and-mortar efforts. Currently, Amazon operates only one shop in Seattle, but Mathrani suggests the number is about to explode.

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