https://www.palipost.com/amazon-books-to-close-its-palisades-village-doors/
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Amazon Books to Close Its Palisades Village Doors
3/10/22 at 7:15am
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Amazon announced on Wednesday, March 2, it will be closing all of its bookstores and pop-up shops, including Amazon Books located on Swarthmore Avenue in Palisades Village—The store is slated to close on Saturday, March 19. Amazon opened its first “bricks and mortar” store in 2015; the Palisades location opened in 2018. “We’ve decided to close our Amazon 4-star, Books, and Pop Up stores, and focus more on our Amazon Fresh, Whole Foods Market, Amazon Go, and Amazon Style stores and our Just Walk Out technology,” an Amazon spokesperson said to the Palisadian-Post. According to Reuters, Amazon’s retail stores accounted for only 3% of its $137 billion in revenue last quarter, “largely reflective of consumer spending at its Whole Foods subsidiary … [Its physical store’s revenue] has often failed to keep pace with growth in the retailer’s other businesses.”
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