Mon. 08/10 – Amazon to Turn Malls Into Fulfillment Centers?
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 10 August 2020
⏱️ 19 minutes
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| 0:00.0 | Welcome to the Tech Mem Ride Home for Monday, August 10th, 2020. I'm Brian McCullough. |
| 0:08.0 | Today Amazon wants to literally take legal battle with a |
| 0:15.0 | Apple at the moment. |
| 0:16.0 | Apple is literally doing legal battle with a pair, an app to help guide you on your |
| 0:21.2 | psychedelic trips, and why I would personally be in the market for a |
| 0:25.2 | foldable E-Ink Notebook. Here's what you miss today in the world of tech. Sources are telling the Wall Street Journal that Simon Property, the biggest owner of |
| 0:37.6 | malls in the United States, has explored turning anchor stores previously occupied by department stores |
| 0:44.5 | into fulfillment centers for Amazon. |
| 0:47.5 | Quote, the talks have focused on converting stores formerly or currently occupied |
| 0:51.0 | by J.C. Penny and Sears, the people said. |
| 0:54.2 | The department store chains have both filed for Chapter 11 bankruptcy protection and as part of their |
| 0:58.0 | plans have been closing dozens of stores across the country. |
| 1:01.4 | Simon malls have 63 Penny and 11 Sears stores |
| 1:04.6 | according to its most recent public filing in May. For Amazon a deal with |
| 1:08.6 | Simon would be consistent with its efforts to add more distribution hubs near |
| 1:12.0 | residential areas to speed up the crucial |
| 1:14.0 | last mile of delivery. |
| 1:15.9 | But for Simon, any deal to surrender prime space to Amazon would signal a break from a |
| 1:21.0 | long-time business model for malls, reliance on a large |
| 1:24.5 | department store to draw foot traffic to neighboring shops and restaurants. |
| 1:28.4 | Amazon fulfillment centers wouldn't draw much additional foot traffic to the mall |
| 1:32.4 | though some employees could |
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