Recently rounds were made that Amazon.com, Inc. AMZNin a bid to strengthen its presence further in the retail market, is mulling over the idea to set up a new bookstore in the Bay Area.
The new book store is expected to be located at 1785 Berkeley's Fourth Street shopping district. The City of Berkeley has decided to lease an 11,175 square feet area at 1785 Fourth Street to Amazon.
Coming to the price performance, shares of Amazon have returned 63.7% over a year, outperforming the industry’s rally of 49.2%.