Amazon (AMZN) is preparing to open a big-box retail store in the Chicago suburbs, according to local planning documents. Indeed, the e-commerce company has applied for approval from the village of Orland Park, Illinois, to build a 225,000-square-foot building that would serve both in-store shoppers and online order fulfillment. In its filing, Amazon said that the store would sell groceries and general merchandise, and could include prepared food and dining areas.
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The site would also be designed to support deliveries, with dedicated space for drivers to pick up orders. Unsurprisingly, an Amazon spokesperson said that the company is always testing new ways to improve the shopping experience, which includes physical stores. They added that this location is meant to be a new retail concept that customers will be excited about.
Interestingly, this move fits into Amazon’s recent push back into physical retail after shutting down its bookstores and many of its Amazon Go convenience stores. In fact, the company focused heavily on expanding its grocery business in 2025 by opening more Whole Foods stores and offering 30-minute delivery for everyday essentials. Nevertheless, the Orland Park project still needs full approval from local officials, and Amazon has not shared a timeline for when it might open.
Is Amazon a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Strong Buy consensus rating on AMZN stock based on 46 Buys and one Hold assigned in the past three months, as indicated by the graphic below. Furthermore, the average AMZN price target of $294.55 per share implies 19.4% upside potential.
