Amazon Inc. is attempting to shed some warehouse space following a slowdown the company has experienced in its e-commerce operations.
The online retail giant is seeking to sublease a minimum of 10 million square feet of warehouse space and is also exploring options to end or renegotiate leases with outside warehouse owners, according to a person familiar with the matter. The move follows the first quarterly loss in seven years for the company, which in April reported a decline in demand that has strained its warehouse operations after roughly two years of outsize growth.
