• Home
  • Business
  • Amazon to shut-down US pop-up stores, focus on opening more book stores
Image

Amazon to shut-down US pop-up stores, focus on opening more book stores

Amazon.com will close all of its US pop-up stores and focus instead on opening more book stores, a company spokesperson said

The company’s shares closed down 1.4 percent, while shares of bookseller Barnes & Noble Inc ended 8.9 percent lower.

Amazon’s 87 pop-up stores in the United States are expected to close by the end of April, the Wall Street Journal recently reported, citing some of the employees at the stores.

The news underscores how the online retailer is still working out its brick-and-mortar strategy.

Pop-up stores for years helped Amazon showcase novel products like its voice-controlled Echo speakers, but the company is now able to market those products and more at its larger chain of Whole Foods stores, acquired in 2017, and cashierless Amazon Go stores, which opened to the public last year.

Related Posts

George Elombi takes Afreximbank helm, vows to transform African trade

In a historic moment for African economic sovereignty, Dr. George Elombi was officially invested as President and Chairman…

AfDB inks $73.31m loan to boost Kenya’s Science, Technology Education

The African Development Fund (ADF), part of the African Development Bank Group (AfDB), has approved a $73.31 million…

Sahara Group expands talent pipeline with Graduate Business Analyst Program

Sahara Group has introduced the Sahara Graduate Business Analyst (GBA) Program to equip emerging talent with analytical, data-driven,…

Equity Group launches 2024 Sustainability Report on Africa’s transformation

Equity Group Holdings Plc marked a significant milestone with the launch of its fourth annual Sustainability Report for…

Leave a Reply

Your email address will not be published. Required fields are marked *