From today’s Publisher’s Marketplace comes an item that could be entitled “Which treasured neighborhood bookstores has the mighty war machine known as Amazon targeted for destruction?”
Real estate magazine the Real Deal reports that, according to anonymous sources, Amazon will open a store in Soho at 72 Spring Street. The space includes 5,200 square feet on the ground floor and 2,154 square feet in the basement, within blocks of both McNally Jackson and the Housing Works Bookstore Cafe. It would be Amazon’s third NYC location after the Columbus Circle store and the 34th Street location in progress.
And ditto, from today’s 538 Significant Digits:
Amazon is building a competitor to Geek Squad, a service offered by Best Buy to install, set up and repair tech. The news of this fact Monday morning led to a 7 percent drop in Best Buy’s stock, wiping out $1 billion in market cap within hours. [Recode]