Amazon to Open First Manhattan Bookstore

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From The Wall Street Journal:

Online retailing giant Amazon.com Inc. plans to open its first New York City bookstore in Manhattan’s Time Warner Center, the company said late Wednesday.

The 4,000-square-foot store is slated to open in the spring in the Shops at Columbus Circle on the edge of Central Park.

. . . .

Amazon opened its first brick-and-mortar bookstore in Seattle in 2015 and now has two others—in San Diego and in Portland, Ore. Plans are in the works for stores in Chicago and Dedham, Mass.

The company is considering a location in the large shopping center under development in Hudson Yards by Related Cos. and Oxford Properties Group. That development, however, isn’t expected to be completed until 2018.

Amazon is entering a retail property market that has seen drops in asking rents and increased vacancies in major corridors as retailers grapple with the pressures of online shopping.

Link to the rest at The Wall Street Journal (Link may expire)

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