Amazon plotting department stores in California, sending jitters through retail industry
Amazon plotting department stores in California, sending jitters through retail industry
By Jonathan Roeder and Jordyn Holman | Bloomberg
News that Amazon.com is planning department stores sent a shudder through retail stocks just as some of the biggest names in the industry were reporting robust earnings, a signal that new challenges await in the beleaguered sector.
Amazon will open several physical locations that will compete with department stores, the Wall Street Journal reported…