At least a half-dozen stores are impacted locally, and nearly 70 across the U.S. and United Kingdom. Read More...
Reuters
Amazon to shut bookstores, some other physical shops in turning point
Amazon.com Inc said on Wednesday it plans to close all 68 of its brick-and-mortar bookstores, pop ups and shops carrying toys and home goods in the United States and United Kingdom, ending some of its longest-running retail experiments. The news, which Reuters was first to report, marks a turning point for a company that began as an online bookseller and helped drive established rivals such as Borders to bankruptcy. After opening its first book shop in Seattle in 2015, Amazon has tried out an array of retail concepts: convenience stores without cashiers, supermarkets, and a format called “4-star” in which it sells toys, household items and other goods with high customer ratings.
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