Amazon is closing all of its physical bookstores2022-03-02 19:09 by DanielaTags: Amazon
Amazon.com Inc said on Wednesday it plans to close all 68 of its brick-and-mortar bookstores, pop-ups and shops carrying toys and home goods in the United States and United Kingdom, ending some of its longest-running retail experiments. The news marks a turning point for a company that started out as an online bookseller, disrupting brick-and-mortar incumbents such as Borders and Barnes & Noble, only to open its own physical shops decades later. Customers can find books, home goods, toys and electronics at Amazon's 4-star stores. The move leaves grocery as the main focus for Amazon's physical store strategy. An Amazon spokesperson said the company will continue to grow its brick-and-mortar business with the Whole Foods, Amazon Fresh and Amazon Go brands. It'll also keep developing Amazon Style apparel stores and increasing its Starbucks Pickup and Amazon Go locations. Amazon has yet to say when exactly it'll be closing up its physical shops, although Reuters reports that timing will vary from store to store. The company declined to say how many employees would be affected by the closures. Read more -here-
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