Amazon expects to transform shuttered JCPenney and Sears stores into satisfaction centers, report says
Simon Property Group Inc., the biggest shopping center administrator in the U.S., has been in chats with Amazon about changing shuttered department stores into satisfaction centers, as indicated by a report by The Wall Street Journal.
Amazon is focusing on shuttered JCPenney and Sears stores worked by Simon Property Group Inc., the report says. The two organizations have filed for bankruptcy, while Sears has shut pretty much the entirety of its New Jersey stores.
Satisfaction centers are utilized to store stock like electronics, kitchen apparatuses and face masks, until orders are dispatched to clients, Amazon’s website says.
Simon Property Group Inc. right now has 63 JCPenney and 11 Sears stores, the report says. There are 13 Simon-owned shopping centers and shopping malls in New Jersey, as indicated by the organization’s site.
The Wall Street Journal report didn’t list the potential areas that Amazon was keen on changing over to satisfaction centers. An Amazon representative didn’t quickly react to a request for comment.
In June, Amazon signed leases in New Jersey for 14 delivery stations, with plans to open them this year.
The online retail mammoth authoritatively deferred its annual Prime Day shopping event, however is compensating for it with a “Big Summer Sale” as of now progressing.