Report: Amazon to open store in NYC for holidays

New York -- Amazon plans to open its first-ever physical store, across from the Empire State Building in mid-town Manhattan, the Wall Street Journal reported. It's been rumored for years that the online giant was looking to open brick-and-mortar locations.

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The store, which the report described as an experiment, is slated to open in time for the holiday shopping season. It will serve as a mini-warehouse, with limited inventory for same-day delivery within New York City, product returns and exchanges, and pickups of online orders, according to the report.