New Delhi: As part of its cost-cutting effort, Amazon plans to close eight of its Go convenience stores in the US. According to CNBC, the tech giant will close two Go stores in New York City, two locations in Seattle, and four in San Francisco on April 1.
In addition, the company said it would work to help the affected employees secure other roles in the company. ,Also read: This YouTuber broke Lamborghini worth more than 3 crores …: Watch viral video,
“Like any physical retailer, we periodically assess our portfolio of stores and make optimization decisions along the way,” said Jessica Martin, an Amazon spokeswoman. ,Also Read: Important Money Deadline In March 2023: Complete These Things In The Ongoing Month,
“In this case, we have decided to close certain Amazon Go stores in Seattle, New York City and San Francisco. We remain committed to the Amazon Go format, operate more than 20 Amazon Go stores across the US, and we continue to learn Will continue to identify which locations and features resonate most with customers as we continue to grow our Amazon Go stores,” he said.
In addition, Amazon CEO Andy Jassy said the company is temporarily pausing expansion of the Fresh grocery chain until it finds a format that resonates with customers and “where we like the economics “, the report mentioned.
In 2018, the first Amazon Go store opened to the public at the company’s headquarters in Seattle.