Amazon is closing all of its brick-and-mortar bookstores, as well as its 4-star shops and pop up locations, as the online retail behemoth reworks its physical footprint.
The Seattle-based company said Wednesday that the move, which affects 66 stores in the U.S. and two in the United Kingdom, will enable it to concentrate its efforts on Amazon Fresh, Whole Foods Market, its convenience concept called Amazon Go and its upcoming Amazon Style stores. Amazon Style, which will sell fashion and accessories, is set to open in a Southern California mall later this year.
Neil Saunders, managing director of GlobalData Retail, said the strategy comes as a surprise. He said he believes it’s an acknowledgement that the bookstores weren’t delivering the returns Amazon was looking for.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Is Shutting 68 Retail Stores, Ending Amazon Books, 4-Star and Pop Up ShopsThe closures include 68 stores across the U.S. and U.K., Amazon said.
Read more »
FTC Nears Decision On Whether To Challenge Amazon-MGM Merger – ReportThe FTC is set to decide over the next few weeks whether to bring an antitrust lawsuit against Amazon’s planned merger with MGM. The Information reported this evening that the U.S. regulator is exp…
Read more »
Amazon ends mask requirements regardless of vaccine status | EngadgetAmazon is making face masks optional at its operations facilities across the US regardless of vaccination status starting today..
Read more »
19 Amazon Products We Tried And Loved This FebruaryIncluding a ridiculously cute coffee grinder and some hydrating vitamin E oil!
Read more »
Amazon will no longer require US warehouse employees to wear masksAmazon will no longer require its US warehouse employees to wear face masks in states where local laws do not require them, regardless of whether the employees are vaccinated or not.
Read more »