One of the largest owners of shopping mall real estate in the United Stages, Simon Property Group, has been talking to Amazon about transforming its anchor department stores into Amazon distribution hubs, according to the Wall Street Journal. In the case of Simon Property, the anchor tenants like J.C. Penney and Sears that used to be stable sources of revenue are now weights around the neck of the retail real estate manager, and transforming their ghostly halls of pale mannequins into warehouses for Amazon orders simply makes sense. The transformation from showroom to storehouse for everything from books and sweaters to kitchenware and electronics won’t be too much of a stretch for the vacant storefronts of businesses that hvae both filed for Chapter 11 bankruptcy protection. Simon’s holdings include some 63 JC Penney and 11 Sears stores, according to the Journal’s reporting citing a May public filing from the real estate developer. This wouldn’t be the first time that Amazon had turned to mall real estate for fulfillment centers.

Topics:  united stages   simon property group   wall street   simon property   j.c penney   chapter   simon s   jc penney   akron   ohio   fortnite   hot topic   gen x   gen z    malls   covid-19   fedex   dhl   simon property    amazon   journal   sears   department stores   fulfillment centers   real   estate   foot   distribution   days   square   transforming   paper   hubs   reported   shopping   late   anchor   retailer   century   point   twentieth   space   rents   turned   retail   online   consumers   long   
BING NEWS:
  • Amazon shutters S.F. fulfillment center amid bid to expand nearby
    As its plans to build a massive logistics center in San Francisco’s Showplace Square neighborhood are being vetted by city planners, Amazon is planning to cease its operations at a nearby facility.
    05/2/2024 - 1:09 pm | View Link
  • Eerie pics show abandoned shopping mall left to decay for 15 years with shops and restaurants covered in mould
    The floors inside of the stores inside the mall appear to be growing new lifeCredit: Jam Press/@feathers.everywhere The woman, who remains anonymous, took to social media to document her trip ...
    04/26/2024 - 9:43 am | View Link
  • Amazon warehouse jobs & what they pay: Are fulfillment center positions worth it?
    Amazon's warehouse jobs have rightly earned a rough reputation, but they're easy to get, and they do have certain advantages — here's what the jobs entail and how much they pay.
    04/25/2024 - 6:35 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News