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Friday, 04 March 2022 13:45

Amazon to open more fashion and grocery stores

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Amazon plans to open more fashion and grocery stores by shutting down most of its brick-and-mortar storefronts, including Amazon Books, across the US and the UK,

The retail giant will shut over 60 bookstores, Amazon Pop Ups and "Amazon 4-star" shops. Amazon launched its first physical bookstore in Seattle in 2015, and later expanded brick-and-mortar stores across the US and abroad.

Later, Amazon's retail footprint expanded with the $13.7 billion expansion of Whole Foods in 2017, along with its own Amazon Fresh grocery stores.

In 2018, the company launched Amazon 4-star stores, which sold top-selling items on Amazon.com, as well as items rated four stars or above by online buyers. Amazon Pop Ups, the stores featured rotating brands and themes, aimed to give customers a "try-before-you-buy" experience.

The company recently announced the launch of Amazon Style, a retail store focused on fashion, said the report.

In Q4 2021, the company reported its physical retail business generated $4.68 billion, up from $4.02 billion in the year-ago quarter.