Amazon is shutting some Fresh and Go stores as the company cuts costs
Publishing timestamp: 2023-02-02 20:07:52
Summary
Amazon is closing some Fresh supermarkets and Go convenience stores as it looks to curtail expenses and pause expansion of Fresh stores to examine business. Amazon reported better-than-expected fourth-quarter revenue but issued a disappointing forecast for the first quarter. Amazon has been cutting costs and eliminating jobs across its grocery portfolio. Last March, Amazon announced it would slim down its physical stores portfolio by shutting all its Amazon Books, 4-star and Pop Up shops.
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Keywords: technology, jeff bezos, amazon.com inc, internet, business news,