Amazon closing 68 physical stores across the US and UK

[thewayne]

Gee. Who is surprised at this. The closure includes some of their book stores.

These physical locations got hit hard by the pandemic, but I question how devoted Amazon is to this. They are still playing with their cashierless stores and with Whole Foods, but this can't be a very big part of their bottom line.

The closures will be staggered depending on the location and dates will be announced per store.

I think I've only seen one store, I believe it was a pop-up at Scottsdale Fashion Square, ages ago. I breezed through it and was not impressed.

https://techcrunch.com/2022/03/02/amazon-to-close-68-physical-retail-locations-including-amazon-books-and-4-star-stores/

https://slashdot.org/story/22/03/02/2011213/amazon-to-close-68-physical-retail-locations-including-amazon-books-and-4-star-stores

Comments

[silveradept]

Can't say I'm surprised at this. Physical stores and the Whole Foods acquisitions seemed much more like they were things to play with, and test things on, and possibly lose a lot of money on, without the expectation that it was going to be supremely profitable or a long term investment.