Amazon is closing 68 retail stores, ending Amazon Books, 4-star and Pop Up shops

Amazon is shutting down all its Amazon Books physical bookstores, as well as its Amazon 4-star and Amazon Pop Up shops, which sold a variety of electronics and other popular items.

The closures affect 68 stores across the U.S. and U.K. The dates for closures are not given yet and will vary by location. Amazon said it would help affected employees find roles elsewhere in the company.

Sales growth of the physical stores unit has noticeably lagged the company’s overall retail business. Physical stores, which includes Whole Foods and Fresh outlets, reported lower sales in 2021 than in 2018.

Amazon is trimming its physical retail business after coming off its slowest growth rate for any quarter since 2001. Shares are down more than 8% so far this year, and the stock was the worst performer in the Big Tech group last year.

The company also said that it would continue to focus on its Amazon Fresh and Whole Foods Market grocery chains, Amazon Go convenience stores, and to embrace the Just Walk Out cashierless technology.

Here you can watch my recent video review of Amazon Go Grocery Store, which was filmed in Seattle on its opening day:

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