Amazon plans to open department stores in US

Amazon plans to open physical stores in the US that will function as department stores according to a report from The Wall Street Journal. The tech company will extend its reach of services like clothing, electronics, and household items. This latest move by the company to expand into bricks-and-mortar retail came right after it crossed Walmart in overall sales to become the largest retail seller in the world outside China. 

Some of the first stores are expected to open in Ohio and California with retail spaces around 30,000 sq ft- smaller than most department stores. The report indicates that the stores would also carry products from well-known consumer brands.

Source: Reuters.