Amazon Could Be Adding Department Stores; What It Means for the Stock - NewsBreak
By Hardik in Business
Updated 3 years ago
Amazon spent $34 billion on fulfillment expenses in 2021. Amazon already has physical locations through its Whole Foods Market grocery stores. The move could increase the e-commerce giant's anemic profit margins in the long run. E-commerce giant Amazon (NASDAQ:AMZN) is considering adding department stores to its list of business ventures....