Thursday, 9 October 2014

INTERNET NEWS: Amazon set to open first physical store: WSJ

(Reuters) - Online retailer Amazon.com Inc (AMZN.O) plans to open its first physical store in midtown Manhattan, the Wall Street Journal reported, citing people familiar with the matter.



The store will be located at 7 West 34th Street, across from the Empire State Building, the Journal reported.



The store, expected to open in time for the holiday shopping, would function as a mini warehouse with limited inventory allowing for same day delivery within New York, product returns, exchanges and pick up of online orders, according to the report.



The company was not immediately available for comment.



(Reporting By Arathy S Nair in Bangalore; Editing by Maju Samuel)





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