Amazon Could Take Over Sears & JC Penney Closed Locations
At this point in the year, Patrick Mahomes and Jeff Bezos are the only people having a good 2020.
Amazon stock has increased 63% since COVID began and shows no signs of slowing down. But they have had a few setbacks. Many people are complaining that they are receiving packages in weeks when they were told they'd be there in days.
Now Amazon has heard these complaints and just might have a solution.
After the announcement that Sears and JC Penney were shutting down many stores around the country, Amazon may swoop in, buy the properties, and turn them into warehouses.
Now there is no say as to when this will happen but it seems highly likely that we could see actual Amazon stores.