Amazon Explored Opening Home Goods, Electronics Discount Stores

Amazon.com has explored opening discount retail stores selling a mix of home goods and electronics, a potentially significant expansion of the company's growing portfolio of brick-and-mortar locations. From a report: The outlets would carry unsold inventory sitting in Amazon's warehouses at steep discounts, according to two people familiar with the plans. The company has considered opening permanent stores, as well as pop-up locations in malls or parking lots, said the people. The plans were preliminary and under discussion last year, but the pandemic and new Fresh grocery chain forced many employees to focus on day-to-day operations. "It's a way to be able to clean out warehouses, and get through inventory without having to destroy it," said one of the people, who was briefed on the plans but not authorized to discuss them. "It is keeping with the value proposition of Amazon, keeping price at the forefront and allowing customers to get access to products at low cost."

Read more of this story at Slashdot.