Amazon to close Fresh and Go tech-focused stores
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When will Amazon Fresh and Amazon Go stores close down and will Amazon.com grocery delivery still work or stop? Amazon will shut 72 physical grocery stores by February 1. California stores will close later.
The shuttering of its brick-and-mortar conventional grocery chain is a setback, but experts say the company will continue to make gains through e-commerce and Whole Foods.
Amazon.com Inc (NASDAQ:AMZN) is shutting down the lab and funding the battlefield. After years of experimenting with Amazon Fresh and Amazon Go, CEO Andy Jassy is pulling the plug on the underperformers and redirecting capital toward a 100-store Whole Foods expansion and a new physical "retail supercenter" concept.