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Sunday, 6th December 2009

UK: Get Ready for Amazon.com Brick and Mortar Stores? (Updated)

UPDATE: The Press Association is now running a story with Amazon.com saying, "We have no plans to open physical stores anywhere in the world."

From the Article:

Amazon, the world’s biggest online retailer and scourge of bookshops everywhere, is planning a surprise invasion of the British high street.

Property landlords said that the American company, which has a market value of $59.1 billion (£35.6 billion), had launched a secret search for bricks-and-mortar stores to support its rapidly growing website. It is understood to be scouring the country for high-profile sites just as the Borders book chain is shutting up shop.

It represents an extraordinary reversal from the dotcom boom, when there were fears that internet shopping would kill off the high street. It would also be the most high-profile move by a web-only retailer into stores.

Lastminute.com is one of only a handful of web retailers to have opened shops. It has kiosks in train stations to support its late booking service for holidays, hotels and pamper days.

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Source: Times of London


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