Amazon is in talks to acquire J.C Penny (seeking to turn them into distribution centers)

[Fillerguy]

I dont like this at all

 

[sfgiants]

fukk amazon

 

[Michael's Black Son]

Trillions

amazon needs a good clothing market anyways

oh I don’t think they care about the clothing side of things. They want already established physical real estate assets that they can use for distribution so Prime can be even quicker and they aren’t flying planes (unnecessarily) all over the place.

why build new distribution buildings when you can scoop up existing assets for cheap and use those instead.

 

[MECCA1000]

I can see Amazon taking over a whole mall for Prime account holders like Costco & Sams ....... shop in prime seller stores and have big items shipped, buy online and pickup yourself and a hub distribution center all in one

 

[Rekkapryde]

The feds are going to step in at some point lol. But they're being smart about buying companies that weren't too big to avoid anti-trust issues.

or were going bankrupt in this case.

 

[ColdSlither]

God damn. Bezos is like Thanos acquiring infinity stones

 

[JoseLuisGotcha]

From AMC theatres to J.C Penny

This depression has been great for Bezos & Amazon

Big bank take little bank

 

[42 Monks]

I can see Amazon taking over a whole mall for Prime account holders like Costco & Sams ....... shop in prime seller stores and have big items shipped, buy online and pickup yourself and a hub distribution center all in one

Amazon can afford to guess at reintroducing malls/mall-like setups and the way that they work in communities

If you don't have a prime citizenship by 2030 its gonna be hard living

 

[JoseLuisGotcha]

the warehouse aspect makes sense that's what he's doing with wholefoods turning them into "dark stores"

"Amazon turns Whole Foods stores dark in online grocery catch-up. Salad bars aren't the only things temporarily closed at Whole Foods as the company has turned six stores dark to facilitate growth in e-commerce."

 

[SNYC]

Do it Jeff
My portfolio looking

Lex Luthor for real

Damn, with hair he looks like Kevin Spacey

 

[JoseLuisGotcha]

coli brokers would it be wise to buy jc penny stock ?

 

[bnew]

theres a huge jc pennys thats a ten minute drive from me.

 

[Unknown Poster]

I dont like this at all

Yea, how boring does the retail landscape ultimately become when Amazon owns everything?

 

[newarkhiphop]

theres a huge jc pennys thats a ten minute drive from me.

AMZ Pennys you mean