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Amazon Closing Bookstores and Shops to Focus on Grocery Sector
- Physical stores make up 3% of revenue for online retailer
- Amazon opened its first bookstore in Seattle in 2015
Photographer: David Ryder/Bloomberg
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Amazon.com Inc. is closing its physical bookstores, “Amazon 4-Star” locations and mall pop-up kiosks as the world’s largest online retailer narrows its brick-and-mortar push to the grocery sector.
The company plans to “focus more on our Amazon Fresh, Whole Foods Market, Amazon Go and Amazon Style stores and our Just Walk Out technology,” Amazon said Wednesday in an emailed statement. “We remain committed to building great, long-term physical retail experiences and technologies, and we’re working closely with our affected employees to help them find new roles within Amazon.”