Amazon to close US Go and Fresh stores
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The closure of the Amazon Go and Fresh stores is the end of an era for the online giant. We trace how Amazon got here — and why the only stores left are the chain it acquired.
Orland Park Mayor Jim Dodge said Amazon closing two south suburban Amazon Fresh stores doesn’t affect plans at 159th and LaGrange.
Amazon echoed that sentiment, noting it is increasing its investment in “our physical stores that are resonating with customers,” referring to Whole Foods Market. The grocery chain, which has more than 550 locations, has realized over 40 percent sales growth since Amazon acquired it in 2017.
Amazon.com, Inc. is rated a Buy with a $327/share price target, reflecting resilient retail and AWS growth. Learn more about AMZN stock here.
Amazon is dismantling some of its most visible consumer experiments — from cashierless stores to palm-scanning payments — just as it cuts another 16,000 jobs. Why it matters: This isn't just belt-tightening.
Amazon is set to open what it calls the “first-of-its-kind” retail store in Orland Park after receiving the final approval from the village’s board on Monday night. The esti