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Amazon to buy up JC Penney and Sears department stores and convert them to fulfillment centres

August 10, 2020

Via: Charged

Amazon is reportedly in talks to buy up shuttered JC Penney and Sears department stores across the US and convert them into fulfilment centres.

Simon Property Group, one of the US’ largest mall operators, is in talks with the ecommerce giant regarding the sale of what was once prime retail space, according to The Wallstreet Journal.

While the number of stores under negotiation is unclear, the pair are understood to have been working on a deal for months and began talks before the pandemic hit.

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