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8/19, 1:03 PM (Source: TeleTrader)
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Amazon to open small department stores in US - report

Amazon is planning to open several large retail stores in the United States, the Wall Street Journal reported on Thursday citing people familiar with the matter.

Similar to department stores, the stores will reportedly sell a variety of items, including clothing, household items and electronics. The first large Amazon stores are set to be located in California and Ohio and will take up around 30,000 square feet, which is still smaller than most department stores.

However, the sources noted the plans for such department stores are yet to be finalized.

Breaking the News / NP