Amazon to close eight Go convenience stores in cost-cutting move
Publishing timestamp: 2023-03-03 15:26:15
Summary
Amazon is closing eight of its Go convenience stores in Seattle, New York City and San Francisco. The decision is part of Amazon's reevaluation of its brick-and-mortar strategy and cost-cutting efforts. The stores will close on April 1 and Amazon is helping affected employees find other roles within the company. Amazon has been trying to crack the grocery segment since 2007 and acquired Whole Foods Market in 2017. The first Amazon Go store opened in 2018.
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Keywords: retail industry, internet, seattle, business news, new york city, technology, amazon.com inc, san francisco,