Amazon (AMZN) has started laying the groundwork to open a big-box retail store in the Chicago suburbs, according to planning documents, The Information’s Ann Gehan reports. That marks a return to similar plans for a Target (TGT)-like store that Amazon shelved a few years ago. In recent weeks, Amazon has sought approval from the village of Orland Park, Ill., to construct a 225,000-square foot retail building that could be used for both in-store shopping and fulfillment of online orders. “The proposed development will offer a wide selection of products, including groceries and general merchandise, with accessory services and potentially dining locations for prepared food sold onsite,” Amazon wrote in a filing describing the development.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Now Streaming: Paramount reaffirms Warner Bros. Discovery offer
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- GOOGL, META, NFLX, MSFT, AMZN: Big Tech Set to Avoid Tough EU Digital Rules
- Netflix Is ‘Not a Screaming Buy’ despite Selloff, Says Investor
- Novo Nordisk Stock (NVO) Jumps as Amazon Begins Selling Obesity Pill