Amazon wants to turn shopping malls into fulfillment centers
Amazon has been in talks with one of the largest mall owners in the country to turn over the abandoned spaces at shopping malls into large fulfillment centers. While we’re still waiting to hear more details about this year’s Prime Day, next year’s event might just be boosted by the space that Sears used to occupy. The Wall Street Journal reported Amazon has been talking with Simon Property Group, Inc. to move into the dozens of stores recently closed by Sears and JCPenney as both companies have filed for bankruptcy and shuttered businesses across the country.
Shopping malls were already in trouble before 2020 thanks to online retail just taking off. With COVID-19 wreaking havoc and keeping people at home, things are only getting worse. Many of these shopping centers have either spent a lot of time just plain empty or have struggled to regain the numbers they had before, which means a lot of bills and unpaid rent that an owner like Simon Property Group becomes responsible for. The de…