Breaking Information: Amazon to shut eight Amazon Go shops in Seattle, San Francisco and New York | Greenback Offers

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E-commerce giant Amazon will close eight of its Amazon Go stores in Seattle, San Francisco and New York. The move comes as part of the company’s effort to reduce costs and realign its retail strategy in a difficult economic environment.

The closures were first reported by GeekWire, and an Amazon spokesperson confirmed the news to TechCrunch. The eight stores are scheduled to remain open until April 1, 2023.

Valuation of the portfolio

Amazon said that like any physical retailer, it regularly evaluates its store portfolio and makes optimization decisions as needed. A company spokesman said: “In this instance, we have decided to close a small number of Amazon Go stores in Seattle, New York City and San Francisco. We remain committed to the Amazon Go format and operate more than 20 Amazon Go stores across the US and will continue to learn which locations and features customers resonate with best as we continue to develop our Amazon Go stores.”

The company introduced its first checkout-free location near its Seattle headquarters in 2016. Amazon has since expanded the concept to include more stores in the United States.

Amazon isn’t the only company looking to streamline its retail operations amid economic uncertainty. Last month, Bloomberg reported that Amazon was pausing the expansion of Amazon Fresh Grocery Stores to consider how to make the stores more competitive with mainstream supermarkets.

Continuous growth

Despite the closures, Amazon remains committed to its checkout-free grocery stores and other new concepts. The company recently opened a new Amazon Go store in Puyallup, Washington and plans to continue expanding the brand.

The move to close the eight stores comes a year after Amazon announced it would close 68 brick-and-mortar retail stores in the United States and the United Kingdom. These closures included the Amazon Books bookstores, pop-up shops in various markets, and the 4-star stores where customers could buy popular and highly rated products on Amazon.com.

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Sources:

To ensure the accuracy of the information contained in this article, we have consulted the following sources:

• TechCrunch: Amazon is closing eight Amazon Go stores in Seattle, San Francisco and New York
• GeekWire: Amazon is closing eight Amazon Go stores in Seattle, San Francisco and New York
• Bloomberg: Amazon pauses expansion of Amazon Fresh Grocery Stores as it evaluates business