Amazon AMZN 1.49%increase; green up pointing triangle is closing all of its Amazon Go and Amazon Fresh physical stores in a shift to focus on its online same-day delivery service and new big-box retail stores.
The e-commerce giant said Tuesday that some of its shuttered Amazon-branded brick-and-mortar stores would be converted into Whole Foods Market locations.
Amazon said its branded stores failed to deliver the right economic model and distinctive customer experience necessary for large-scale expansion.
