Amazon Plans to Sublet Warehouse Space to Reduce Excess Capacity – The Wall Street Journal

Amazon Plans to Sublet Warehouse Space to Reduce Excess Capacity – The Wall Street Journal

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https://www.wsj.com/articles/amazon-plans-to-sublet-warehouse-space-to-reduce-excess-capacity-11653335430
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Amazon Inc. is attempting to shed some warehouse space following a slowdown the company has experienced in its e-commerce operations.
The online retail giant is seeking to sublease a minimum of 10 million square feet of warehouse space and is also exploring options to end or renegotiate leases with outside warehouse owners, according to a person familiar with the matter. The move follows the first quarterly loss in seven years for the company, which in April reported a decline in demand that has strained its warehouse operations after roughly two years of outsize growth.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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