Amazon Prepares To Cut More Fluff, Shut 8 Amazon Go stores In Seattle, San Francisco, NYC


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  • Amazon.Com, Inc (NASDAQ:AMZN) is permanently closing eight cashier-less Amazon Go convenience stores in Seattle, San Francisco, and New York. 
  • The eight stores will remain open until April 1, TechCrunch reports.
  • "We remain committed to the Amazon Go format, operate more than 20 Amazon Go stores across the U.S., and will continue to learn which locations and features resonate most with customers as we keep evolving our Amazon Go stores, " an Amazon spokesperson stated.
  • Also Read: Amazon Weighs Paring Back On Unprofitable Businesses Like Alexa; Introduces New Warehouse Robot To Cut Down On Lag
  • The latest closures come a year after Amazon shared plans to close 68 brick-and-mortar retail stores across the U.S. and the U.K. 
  • The store closures included its Amazon Books bookstores, pop-up shops in various markets, and 4-star stores. Amazon said it would continue to work on its cashier-less grocery stores and other new concepts.
  • Amazon paused an expansion of its line of Amazon Fresh Grocery stores to better compete with mainstream supermarkets.
  • Amazon paused construction on its second headquarter in Virginia last week and laid off 18,000 employees earlier this year.
  • Price Action: AMZN shares traded higher by 0.14% at $93.68 premarket on the last check Wednesday.
  • Photo via Wikimedia Commons

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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