Mall CEO Recants: I Have No Idea What Amazon's Plans Are

On Tuesday, the CEO of General Growth Properties, one of the largest developers of mall properties in the United States, announced during his company’s earnings call that he knew of Amazon.com's plans to build “300 to 400 bookstores.” That sent the internet into a frenzy, with many speculating on the online retailer’s presumably ironic plans to diversify into brick-and-mortar locations.