Learn who we are and how we serve our community
Meet our leaders, trustees and team
Developing the next generation of talent
Covering the latest news and trends in the marketplaces industry
Check out wide-ranging resources that educate and inspire
Learn about the governmental initiatives we support
Connect with other professionals at a local, regional or national event
Find webinars from industry experts on the latest topics and trends
Grow your skills online, in a class or at an event with expert guidance
Access our Member Directory and connect with colleagues
Get recommended matches for new business partners
Find tools to support your education and professional development
Learn about how to join ICSC and the benefits of membership
Stay connected with ICSC and continue to receive membership benefits
Amazon has one big disadvantage when it comes to expanding in the physical world: a lack of experience navigating the red tape associated with real estate. The online behemoth acquired Whole Foods in August for $13.7 billion and announced plans to add 85 new stores to its fleet of 473.
But most of Amazon’s physical competitors have standing lease clauses that bar competitors or at least restrict what other stores can do in a shopping center. And according to a Reuters report, they’re exercising it.
Target, Bed Bath & Beyond and Best Buy are among the chains that were happy to cohabitate with Whole Foods, are less willing to share space with Amazon. For example, documents reviewed by Reuters banned Amazon lockers and delivery operations near rivals in some states.
“Many people assume this big, 800-pound gorilla is going to come and beat up all of these retailers,” Terrison Quinn, a senior vice president at brokerage SRS Real Estate Partners, told Reuters. “I just don’t think that’s going to be the case.”
By Brannon Boswell
Executive Editor, Commerce + Communities Today
Members get exclusive access to this magazine with news and trends for the rapidly evolving marketplaces industry.
Sign up now