Amazon may take over old JCPenneys and Sears to try and speed up deliveries

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Amazon is in talks with Simon Property Group, the largest mall owner in the United States, to convert former or current JCPenney and Sears stores into distribution hubs to deliver packages, the Wall Street Journal reports

The company is in talks with Simon Property Group , the largest mall owner in the United States, to convert former or current JCPenney and Sears stores into distribution hubs to deliver packages, the Wall Street Journal reported Sunday. Both retail chains have filed for bankruptcy and are closing hundreds of stores. Simon malls have 63 JCPenney and 11 Sears stores, according to its most recent public filing.

Read More"It is a win-win for both sides," said Chris Walton, a former Target executive and now CEO of the retail blog Omni Talk."Simon gets an anchor tenant and Amazon gets a more localized fulfillment center. For Amazon, the deal would also give it"a front row seat into developing the mall infrastructure for the future.

 

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He wants to buy more locations but can’t pay his workers what we deserve! This is like a slap in our face amazon JeffBezos

They already have Amazon 4-Star, this wouldn't surprise me.

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I knew it.

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Amazon taking over everywhere no one else wants Short term, great idea.

Excellent idea.

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