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February 4, 2016

Amazon mum on more bookstores

NEW YORK (AP) — 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.




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