Amazon to close 8 Go stores to cut costs
Amazon to close 8 Go stores to cut costs

SAN FRANCISCO: As part of its cost-cutting strategy, Amazon mulls to shut 8 of its Go convenience stores in the United states.

As per reports, the tech giant will close two Go stores in New York City, two locations in Seattle, and four stores in San Francisco on April 1. In addition, Amazon said it will work to help affected employees secure other roles at the company.

"Like any physical retailer, we periodically assess our portfolio of stores and make optimisation decisions along the way. In this case, we've 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, operate more than 20 Amazon Go stores across the US, and will continue to learn which locations and features resonate most with customers as we keep evolving our Amazon Go stores," ," Amazon spokesperson Jessica Martin, was quoted as saying.

Also, according to the article, Amazon CEO Andy Jassy stated that the business is temporarily halting the expansion of the Fresh supermarket chain in order to find a format that is popular with customers and "where we enjoy the economics".

The first Amazon Go store opened to the public in 2018 in the Seattle headquarters of the business.

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