Retail

Rumored Amazon department stores won’t ruin relationship

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Kohl’s Chief Executive Officer Michelle Gass

Source: Kohl’s

Kohl’s Chief Executive Michelle Gass said there is plenty of room for the retailer and for Amazon to operate brick-and-mortar stores, despite the two already working together through Kohl’s locations.

“Retail is vast, and there’s a lot of market to be had,” Gass told CNBC’s Courtney Reagan Tuesday afternoon, during a CNBC Evolve livestream event. “We always have to be raising the bar.”

Gass’ comments come after a report in The Wall Street Journal said that Amazon is planning to open large locations that resemble department stores, marking the e-commerce giant’s latest experiment with brick-and-mortar retail. The stores are…



Source cnbc.com

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