Amazon To Shutter Physical Bookstores
Breaking this afternoon, Amazon announced plans to close all 68 of its physical stores, pop ups, and other shops carrying books, toys, and home goods. This applies to those both in the US and across the UK.
Amazon, which began with books, is choosing to pursue other offline ventures. They’re going to focus on opening more grocery retailers and develop a department store concept.
The physical stores for the giant retailer comprised only 3% of total revenue, primarily from their Whole Foods stores.
Amazon will announce dates the stores will close. Employees will be offered severance and/or assistance in finding positions at other Amazon physical locations in their communities (like their Fresh Stores). No details about the number of jobs being slashed were shared by the company.
Find more news and stories of interest from the book world in Breaking in Books.
Also In This Story Stream
- Winners of 2024 Republic of Consciousness Prize — an Award for Small Presses — Announced
- Trailer for ONE HUNDRED YEARS OF SOLITUDE Adaptation Dropped
- These Two Authors Made Time’s List of the 100 Most Influential People of 2024
- The Bestselling Books of the Week, According to All the Lists
- 7 Things Learned From Salman Rushdie’s Memoir, KNIFE
- Kobo Is Launching Its First Color Ereaders
- 5 Books Trending On Amazon Today (and Why)
- The 2024 International Booker Prize Shortlist
- The Bestselling Books of the Week, According to All the Lists
- The Best Nonfiction Books of 2024 (So Far)
