"Same-day delivery, ordering online and picking up in store are ideas that are really catching on," Wells Fargo analyst Matt Nemer told The Wall Street Journal. "Amazon needs to be at the center of that."

The report states that the store would carry limited inventory and provide nearby customers with same-day delivery as well as be a location for pickups, returns and exchanges of online orders.

The Wall Street Journal reported that people "familiar with the company's thinking" have indicated that if the New York location is successful, the storefront concept could roll out to other U.S. cities in the future.

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Atlanta art and antiques appraiser and auctioneer Allan Baitcher (right) takes bids during a 2020 auction. Baitcher and his company, Peachtree Antiques, are being sued by a Florida multimillionaire who says he paid them $20 million for fakes. (AJC 2020)

Credit: Phil Skinner / Staff