ROST - Amazon disrupts good cheer in retail sector with plan for large stores

Vibrant earnings reports this morning from Kohl's (NYSE:KSS) and Macy's (NYSE:M) are being overshadowed a bit by a report that Amazon (NASDAQ:AMZN) plans to open several large retail locations in the U.S. that will look something like department stores. Sources tell The Wall Street Journal that the retail spaces of 30K square feet will offer consumer products from top brands, including clothing and household items. Amazon has also been growing its private-label portfolio, which could  feature in the new store format. Previous store formats from Amazon featured books or tech gadgets, While Amazon is reported to be only looking at opening a few stores in Ohio and California to start, the retail sector is on alert in the premarket session. Macy's (M) +3.15% and Kohl's (KSS) -2.44% have dropped from where they initially stood when earnings blasted in strong. Investors are still weighing what the impact might be for Nordstrom (NYSE:JWN)

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Amazon disrupts good cheer in retail sector with plan for large stores