Amazon will launch more physical retail stores

Retailers will be feeling the pressure after Amazon chief executive Jeff Bezos promised more bricks-and-mortar outlets and new features for the company's Amazon Prime delivery service.

Amazon: CEO Jeff Bezos ups the pressure on traditional retailers
Amazon: CEO Jeff Bezos ups the pressure on traditional retailers

Speaking at Amazon's annual shareholder meeting, Bezos revealed the company was constructing another store in San Diego. The company already has a physical bookshop in a Seattle shopping centre.

"We’re definitely going to open additional stores, how many we don’t know yet," he said, according to the . "In these early days it’s all about learning, rather than trying to earn a lot of revenue."

At one point Amazon was reportedly opening "hundreds" of stores, but this was thought to be an exaggeration.

Amazon Prime, the company's £80-a-year membership service, will offer additional benefits such that consumers will feel they are "being irresponsible" for remaining non-members, Bezos said.

He gave no detail on new services, but it's thought the company is set to expand its own-label food offering on Amazon Prime.

 

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