Amazon.com, Inc. (AMZN)

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$244.68
$6.26 (+2.63%)
Previous Close: $238.42
52-Week Range
85% from low
$220.99$248.94

AI Insights

Amazon is closing all its Amazon Go and Fresh stores, shifting focus to expand its Whole Foods Market and online grocery delivery. This move indicates a strategic pivot in its grocery business, aiming for efficiency and better customer experience. As Amazon consolidates its retail efforts, it could reshape its market presence in the grocery sector.

Updated about 1 hour ago

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Amazon.com (NasdaqGS:AMZN) is closing all Amazon Go and Amazon Fresh physical stores and converting many locations to Whole Foods Market stores. The company plans to invest in more than 100 new Whole Foods Market locations as part of a broader reshaping of its grocery footprint. Amazon is also announcing corporate layoffs affecting up to 30,000 jobs globally, including roles in AWS and Prime Video. The changes reflect a major shift in how Amazon approaches physical retail, operations, and...

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Amazon shuts down key grocery venture as consumer behavior shifts

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