Wednesday, February 3, 2016

Company: Trade Manager rowing after statement about Amazon bookstores back – ABC Online

Wednesday , 02.03.2016, 23:38
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The head of a US- operator of shopping centers, which caused quite a stir with his statement, Amazon wanted to open several hundred bookstores, rowing back at least partially.

the expression “do not have to represent Amazon’s plans” , Sandeep Mathrani explained approximately 24 hours later. It stayed with the one set, the room for interpretation can whether Mathrani his words quite redeems or just clarifying that he was not speaking for Amazon

Mathrani had said on Tuesday in a conference call with analysts. “Amazon opens stationary bookstores and their goal is, as I understand, to open 300 to 400 bookstores. “he gave no further details or an indication of where he got these numbers. However, the rate hit the headlines and also had consequences on the stock exchange: The shares of book trade chain Barnes & amp; Noble lost on Wednesday almost ten percent.

Amazon had opened a bookstore in his hometown of Seattle in November as a test. Other business are planned, wrote the “New York Times” to Mathranis remarks citing informed people. At the same time it was said that the plans his “modest”, especially compared to the mentioned by Trade Manager magnitude.

Mathrani is head of the company General Growth Properties, which operates 120 shopping centers in the US.

 

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