Amazon, the killer of bookstores, now is closing all its retail book locations

  • by:
  • Source: Fortune
  • 03/14/2022

Amazon, the killer of bookstores, now is closing all its retail book locations

  • by:
  • Source: Fortune
  • 03/14/2022

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.”

Amazon began pushing into physical retail in 2015 when it opened a bookstore in Seattle and pledged to use technology to redefine the shopping experience. But the first location resembled a small-scale Barnes & Noble without coffee. Three years later, the company opened Amazon 4-Star stores to highlight products that were popular on the web store. The assortment resembled the random products sold for decades by retailers such as Brookstone, and 4-Star stores failed to stand out.

Amazon has 24 bookstores, 33 4-Stars and nine mall pop-up kiosks. The company planned to open another 16 4-Stars locations, indicating the decision to shutter the operation was abrupt.
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