Company News

A New Job for Sears?

A slap to the changing face of retail.

Oh, the irony!  Simon Property Group Inc., the biggest mall owner in the US, has been in talks with Amazon.com Inc. to turn some of its anchor department-store spaces into Amazon fulfillment centers, according to people familiar with the matter. For Amazon, more fulfillment centers near residential areas would speed up the crucial last mile of delivery. For Simon, turning over what was once prime mall space to fulfillment centers shows it would be willing to relinquish an essential way to bri...

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