This article first appeared in Simply Wall Street News.
You either die in an ecommerce business or grow old enough to see yourself opening a brick and mortar store.
Interestingly, that happens Amazon.com, Inc.(NASDAQ:AMZN), but it’s not necessarily a bad thing — given the latest antitrust legislation.
Check out our latest analysis for Amazon.com.
While it’s not the first venture outside of the online market (Amazon Go Store, acquisition of Whole Foods), Amazon’s plan to open its first physical clothing store sounds like the next step in its expansion. According to Wells Fargo, Amazon overtook Walmart as the largest apparel retailer in the US with $41 billion in apparel and footwear sales.
The company plans to use its technology to streamline the experience and merge online and offline shopping experiences. The first store is slated to open later this year in Glendale, California.
Meanwhile, the Senate panel has passed antitrust legislation banning the most prominent technologies…