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Amazon Will Not Open Stores: Report

LONDON ( TheStreet) -- Amazon (AMZN - Get Report) announced today that it will not open bricks and mortars locations, despite rumors that it intends to open a store in Britain, according to a report.

A spokesperson for Amazon said the e-retailer had no plans to open physical stores after the Sunday Times reported the group was looking to cash in on the rising customer demand for so-called click-and-collect services, where customers buy merchandise online and pick them up from a shop, Reuters reported.

This is not the first time rumors have circulated that Amazon is looking into rolling out retail stores. In May, the company received a patent for a mini-building design that got market-watchers buzzing about the possibility of physical stores in Amazon's future.

At the time, the company would not comment on its future building plans.

-- Reported by Jeanine Poggi in New York.

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