Amazon closing Fresh and Go stores
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Amazon plans to open its largest retail store in Chicago suburbs. The massive Orland Park location will combine shopping with fulfillment operations.
The fourth quarter is the holiday season, when Amazon reports its highest sales numbers, but not necessarily its highest growth. Consumer data reports point to a strong holiday season, especially in e-commerce, and Amazon should be a big winner there.
Amazon plans to open a massive 230,000-sq.ft. store outside Chicago featuring groceries and general merchandise to challenge Walmart's dominance in that space.
The company announced in a blog post on Wednesday that it is shutting down both its grocery and automated grab-and-go convenience stores, Amazon Fresh and Amazon Go, marking the end of yet another failed experiment to crack brick-and-mortar retail.