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Friday, September 29, 2023

Amazon Announces It Will Close All Retail Stores

Amazon has decided to close all of its physical retail business in the US and UK. The company did not explain why it made such a decision. With the decision, Amazon’s 68 stores in the US and UK will be closed.

Successful e-commerce platform Amazon has announced that it has taken a decision that concerns its customers in the USA and the UK. According to the statements made by the company, 68 retail stores in the said countries will be closed. Amazon said that the timetable for these closures is not yet clear, and as the details become clear, customers will be informed with banners to be placed in branches.

According to a report in Reuters, Amazon has been considering closing retail stores for a long time. In fact, these stores were a long-term experiment for the company’s revenues and customer relations. The statement made by Amazon reveals that this experiment has come to an end. This includes its Amazon Books bookstores, its pop-up shops in various markets and its 4-star stores.

In the statements made by Amazon, it was stated that the rights of workers working in the stores to be closed will be protected. According to the statement, workers who wish will be directed to different units and will continue to work. Those who wish will be able to receive their severance pay and leave Amazon completely. The company has left the choice in this matter entirely to the employees.

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