• 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

Microsoft South Africa hires Vukani Mngxati as New CEO

Microsoft has appointed Vukani Mngxati as the new Chief Executive Officer of Microsoft South Africa The announcement underscores…

Mastercard Foundation appoints Sewit Ahderom as next President & CEO

The Mastercard Foundation has appointed Sewit Ahderom as its next President and CEO, succeeding Reeta Roy, who will…

Puma Energy opens first Hybrid CNG station in Tanzania

Puma Energy has marked a significant milestone in Tanzania’s energy sector with the official opening of its first…

Tanzania:CRDB Bank, GIZ launch Sh3bn Fund for entrepreneurs

The CRDB Bank Foundation (CBF), in collaboration with the German development agency GIZ, unveiled a transformative Sh3 billion…

Leave a Reply

Your email address will not be published.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