Don't be surprised if Whole Foods or another Amazon grocery chain pops up where an old Sears used to be
Hundreds of former Sears and Kmart locations around the country could be attractive fits for Whole Foods or a potential new Amazon supermarket concept, analysts at BMO Capital Markets said in a research report this week.Moving into former Sears or Kmart sites may be the quickest and the cheapest way for Whole Foods or a different Amazon concept to grow, the analysts said. Amazon reportedly wants to launch a separate line of lower-priced supermarkets than Whole Foods.
So instead of buying the properties from Sears, Whole Foods or a new Amazon concept would probably sign a lease as an anchor tenant for landlords that want to rebuild the sites and rent out part of the space to healthy retailers, said BMO analyst Brandon Cheatham. Both Amazon and Whole Foods declined to comment. Sears did not immediately comment. Amazon would not be the only retailer interested in former Sears or Kmart sites.
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