The Presidential Daily Brief


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    Amazon May Be Planning Hundreds of Bookstores

    That would be a turn up for the books. The retail giant that’s largely blamed for putting brick-and-mortar stores out of business may be getting in on the physical bookstore game, according to comments from a mall CEO. General Growth Properties boss Sandeep Mathrani estimated that Amazon was planning 300 to 400 U.S. bookstores, a big change from the single Seattle storefront they currently operate. Mathrani didn’t say when it would happen, and Amazon, which makes 7 percent of its revenue from books, isn’t commenting on “rumors and speculation.”

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