Mall owner General Growth Properties claims that Amazon is looking to open hundreds of brick-and-mortar bookstores. The remark came in the company’s earnings call with investors Tuesday afternoon. Answering a question about mall traffic, what CEO Sandeep Mathrani actually said was, “And just case in point, you’ve got Amazon opening brick-and-mortar bookstores and their goal is to open, as I understand, 300 to 400 bookstores — and it should sit back and say the last mile is all important,” which is why online retailers in general are expanding their physical store presence. Amazon declined to comment, as did a General […]
