Photo: Philippe Lopez (Getty Images)
Another purported casualty of the coronavirus pandemic has surfaced, folks: Amazon brick-and-mortar discount stores. Yep, the e-commerce giant considered opening up permanent retail locations to peddle unsold inventory before the world descended into lockdown, Bloomberg reported Thursday.
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While the fallout from covid-19's spread has shuttered a record number of stores across America and recent consumer surveys suggest that folks are increasingly opting out of shopping in person, as they have been for years now, discount chains are some of the few brick-and-mortar stores weathering this larger retail meltdown. And if any company has enough billions in capital and resources to throw at such a venture, it’s Amazon. The company took in more than $125 billion in sales during the last quarter of 2020, according to Statista.