Business

Amazon seeking Ohio as a site for retail department stores, WSJ reports

Amazon intends to open a few brick and mortar stores with some of the first expected to open in Ohio, the Wall Street Journal reports.

The business paper refers to “people familiar with the matter,” saying the new stores will work comparably to enormous department stores like Macy’s, Norstrom, and Bloomingdales however will be not exactly 33% of the size.

Amazon is now probably the biggest employers in Ohio, Lt. Governor Jon Husted said when gotten some information about the WSJ report, and “I think that we have to be careful about putting all of our eggs in one basket,” he added.

“They’re a really innovative company they create a lot of great jobs, they’ve created a lot of efficiencies in our lives. And so I’m a big admirer of what they’ve done, but I wouldn’t call a brick and mortar Amazon store all that innovative, we have those. We have lots of brick-and-mortar stores,” Husted said. “And while we welcome any investment in Ohio, I also get a little wary about bigness: I don’t like big government, I don’t like big business… we need our small business owners at the local level, we need a variety of places to shop. So I wouldn’t I wouldn’t necessarily call this big news.”

Previous Macy’s CEO Terry Lundgren said in a CNBC interview Thursday that he’s shocked it took Amazon such a long time to act. He believes physical locations would eliminate the number of returns for Amazon, especially with clothing, an immense cost.

Amazon would not give a comment to the Associated Press on the Wall Street Journal report.

As per Market Watch, this spring Amazon became the No. 1 clothing retailer in the country.

Post Comment