Amazon keeps mum on bookstore speculation
NEW YORK - Amazon is declining comment on reports it may be planning to open more bookstores.
In a call with analysts on Tuesday, Sandeep Mathrani, the CEO of mall operator General Growth Properties, said in an offhand comment related to a question about holiday traffic that Amazon had plans to open 300 or 400 bookstores.
A New York Times report, citing unnamed sources Wednesday, said Amazon could open more bookstores in the future but at a more modest pace.
Amazon said it does not comment on rumors or speculation. General Growth Properties did not respond to a request for comment.
Amazon operates one bookstore in Seattle and about five staffed pickup locations for textbooks at universities, with plans for two more in 2016.
Shares of Amazon.com Inc. dropped almost 4 percent in morning trading.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
News 2 Geaux: I-10 E closed to truckers in St. Charles Parish
News 2 Geaux: DCFS reports busy DSNAP phone lines
Funding for Bayou Manchac project to be introduced to Metro Council Wednesday
News 2 Geaux: One injured in Superdome roof fire
After summer of rescues and drownings, Livingston Parish outlines ordinance for river...