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E-commerce giant Amazon could use vacant J.C. Penney and Sears stores as distribution centres, according to U.S. media reports.
Amazon is reportedly in talks with Simon Property Group, the largest shopping mall owner in the U.S., to turn some of the vacant J.C. Penney and Sears stores into distribution hubs. The latter have struggled in recent years to stay afloat as sales shifted from physical stores to online platforms, and both have filed for Chapter 11 bankruptcy. On the other hand, sales have allegedly increased sharply for Amazon in recent months, boosted by the forced lockdowns due to the Covid-19 pandemic.
Sources: Wall Street Journal/Forbes