NasdaqGS:AMZNMultiline Retail
Amazon Refocuses Grocery On Whole Foods And AI As Stores Close
Amazon.com (NasdaqGS:AMZN) is closing all Amazon Fresh and Amazon Go physical stores and cutting around 16,000 jobs in its latest restructuring.
The company is concentrating its physical grocery presence on Whole Foods Market and pushing harder on same day grocery delivery.
Resources are being redirected toward artificial intelligence driven efficiency across operations and management.
For you as an investor, this is a significant reset in how Amazon approaches brick and mortar retail and...