Amazon to close its bookstores, 4-star shops, and Pop Up locations to focus on Whole Foods, other stores
https://www.usatoday.com/story/money/shopping/2022/03/02/amazon-closing-stores-2022/9347242002/
"The tech giant confirmed the store closings Wednesday and said closure dates will vary by location. Stores will have signs about the upcoming closings. Reuters was the first media outlet to write about the closings. “We’ve decided to close our Amazon 4-star, Books, and Pop Up stores, and focus more on our Amazon Fresh, Whole Foods Market, Amazon Go, and Amazon Style stores and our Just Walk Out technology," the company said in a statement to USA TODAY.
In January, Amazon unveiled it would open its first in-person clothing store dubbed "Amazon Style" in California.
On Wednesday, Amazon said it was "committed to building great, long-term physical retail experiences and technologies, and we’re working closely with our affected employees to help them find new roles within Amazon.” Neil Saunders, managing director of research firm GlobalData, said it came as a surprise to hear Amazon was closing stores as a handful of the locations recently opened.
"While it is unusual for most retailers to abandon concepts in a wholesale fashion – especially outside of bankruptcy – Amazon is not a typical retailer," Saunders said in a statement. "It tries and tests new things, often committing reasonable levels of investment, only to move on if it doesn’t see forward potential."
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