Amazon Looking To Lease Distressed Retail For Its Expanding Grocery Play

Amazon is ramping up its efforts to lease retail real estate for its in-the-works physical grocery store concept, which will be larger than existing Amazon Go cashierless stores and carry a wider variety of merchandise.

Amazon has inked agreements-in-principle with an unidentified REIT for "dozens and dozens" of leases nationwide, S&P Global reports, citing Brick Meets Click Chief Architect Bill Bishop.

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