Amazon Will Open Over 300 to 400 Brick-and-Mortar Book Stores, Mall CEO Says

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After opening its first brick-and-mortar store in Seattle last year, online titan Amazon.com Inc. is planning to open hundreds of new bookstores, according to a new report from CNBC.

The news came from a statement by mall executive Sandeep Mathrani, who said that Amazon would open 300 to 400 stores, saying that his comments "don't reflect Amazon's plans". The New York Times confirmed that the plans for physical stores were simply "more modest" than 300-400 locations.

CNBC reports that Amazon will attempt to sell books at the same price that they offer on their website. Customers can browse in showroom floors and purchase books for cheap at Amazon.

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No details have been released about the amount of money is spending for their physical stores, nor cities that will have retail locations.

An Amazon spokesperson told Gizmodo that they don't comment on rumors and speculation, and that the original source of the report appears to be a mall executive for General Growth Properties Inc.

Would you like to see more Amazon brick-and-mortar stores across the U.S. or wherever you're living?

[CNBC]