A recent report from Bloomberg reveals that Amazon has considered opening home goods and electronics discount stores in an effort to offload unsold items.
Bloomberg reports that e-commerce giant Amazon has considered opening physical discount retail stores that would sell a mixture of home goods and electronics in an attempt to offload unsold items. The outlets would sell items that had been sitting in Amazon’s warehouses at steep discounts, according to two sources.
Amazon also considered opening permanent stores as well as pop-up locations in malls or parking lots. The plans were under discussion last year but the coronavirus pandemic and the new Fresh grocery chain forced the company to focus primarily on day-to-day operations.
One source told Bloomberg: “It’s a way to be able to clean out warehouses, and get through inventory without having to destroy it. It is keeping with the value proposition of Amazon, keeping