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
- City of Chicago and Chicago Public Library Declare Themselves Book Sanctuaries
- 5,100 Free Library Cards Issued by Brooklyn Library in Fight Against Book Banning
- Spotify Adds Audiobook Feature in U.S.
- 2022 National Book Award for Young People’s Literature Nominees Announced
- John Green’s First Novel May Be Banned At His Old School
- Kindle Unlimited + Amazon Prime’s Most Popular Summer Books 2022
- SLJ Survey Shows That Censorship Will Have Long-Term Effect on School Libraries
- Here Are the Winners of the 2022 Hugo Awards
- Peter Straub, Horror Novelist and Poet, Has Died at 79
- These are Every State’s Favorite Stephen King Movies