The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
INDIANAPOLIS, United States — Mall operator Simon Property Group Inc. has been in talks with Amazon.com Inc. about turning some of its department store sites into Amazon fulfilment centres, The Wall Street Journal reported on Sunday.
The two companies have explored converting retail space formerly occupied by J.C. Penney Co Inc. and Sears Holdings Corp. into Amazon distribution centres, while in some cases, Simon and Amazon explored buying out occupied space from the retailers, the report said, citing sources.
Simon's discussions with Amazon have been under way for months and began before the coronavirus pandemic, according to the report.
It is possible that the two sides could fail to reach an agreement, the report said, citing the sources.
ADVERTISEMENT
A spokeswoman for Amazon said the company has a policy of not commenting on rumours or speculation, when contacted by Reuters. Simon Property did not respond to a Reuters request for comment. Both J.C. Penney and Sears declined to comment.
By Juby Babu with additional reporting by Bhargav Acharya; editor: Leslie Adler
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.