The following is an excerpt from Roger Cheng | February 3, 2016 | CNET.com |
The man behind that wild Amazon bookstore rumor will need to take his time pulling his foot out of his mouth.
You might have heard that Amazon is building as many as 400 physical bookstores. Turns out the original source of that news, General Growth Properties CEO Sandeep Mathrani, is walking back his comments in public fashion.
General Growth Properties, a Chicago-based company that operates malls across the nation, issued a statement Wednesday clarifying that Mathrani's proclamation that Amazon would build hundreds of brick-and-mortar stores "was not intended to represent Amazon's plans."
Mathrani's comments Tuesday set off a wave of stories highlighting the irony of Amazon potentially getting into the business that it's responsible for pretty much killing off. After all, it popularized the idea of ordering everyday household items online. Now you're more likely to buy a book (or toilet paper, video games or anything, really) on your computer or phone than at an actual store.
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