On Monday of this week, WWD broke the story of a cadre of Amazon executives in meetings at JCPenney offices in Plano, Texas. Naturally, conjecture abounds around the interest or interests that Amazon might have in acquiring some or all of JCPenney’s assets. At the same time Amazon has been taxed by the struggles of its last mile delivery partners in meeting consumer demands. I cannot imagine any scenario where Amazon would want to purchase, or partner with JCPenney in a turnaround. A highly automated, contactless pick-up and drop-off facility (think drive-through banking) could begin to “localize” one’s relationship with Amazon.

Source: Forbes May 21, 2020 16:18 UTC