Brian Molidor Brian Molidor is Editor at Social News Watch. Find him on Twitter, Facebook, and Pinterest.

Amazon is launching its first physical store in Manhattan

1 min read

Amazon, the world’s biggest online retailer, is reportedly about to do the unthinkable: Open a physical store. The first brick-and-mortar store will be located on 34th Street in Manhattan, according to people familiar with the plans cited by The Wall Street Journal. The store will be a sort of mini-warehouse, with inventory for same-day delivery within the city, as well as offer product returns, exchanges, and pickups of online purchases. Immediacy is a growing trend in online shopping as proven by Amazon’s growing Amazon Fresh service, the popularity of its two-day Prime delivery service, and the birth of curbside pickup startups.

Online retail giant Amazon.com Inc. plans to open its first brick-and-mortar store, according to people familiar with the plans. The site, set to open in time for the holiday-shopping season on Manhattan’s busy 34th Street, would mark an experiment by Amazon to connect with customers in the physical world. Amazon has built its business on competitive pricing and fast shipping. Until now, though, it couldn’t compete with the immediacy of a traditional store. Amazon’s space at 7 West 34th St., across from the Empire State Building in Midtown, would function as a mini-warehouse, with limited inventory for same-day delivery within New York, product returns and exchanges, and pickups of online orders. Opening a physical location is “about marketing the Amazon brand,” said Matt Nemer, a Wells Fargo analyst. “Same-day delivery, ordering online and picking up in store are ideas that are really catching on. Amazon needs to be at the center of that.” Amazon also may consider using the space to showcase inventory, particularly its devices like the Kindle e-readers, Fire smartphone or Fire TV set-top box, according to people familiar with the company’s thinking.

Source
Avatar of Brian Molidor
Brian Molidor Brian Molidor is Editor at Social News Watch. Find him on Twitter, Facebook, and Pinterest.

Amazon is planning to release its own music streaming…

Amazon has been stepping up its video streaming game to better compete with Netflix, and is even planning to release its own YouTube competitor, but it’s...
Avatar of Chastity Mansfield Chastity Mansfield
54 sec read

Amazon is planning to open more brick-and-mortar stores

Opening a physical store is one of the last things you’d expect an e-commerce giant like Amazon to do, but that’s exactly what the company...
Avatar of Chastity Mansfield Chastity Mansfield
51 sec read

Amazon is launching its own YouTube competitor

After years of sitting at the top of the video-sharing market virtually unopposed, YouTube is finally starting to see some serious competition, first by...
Avatar of Connor Livingston Connor Livingston
44 sec read

Leave a Reply

Your email address will not be published. Required fields are marked *