Global retailer Amazon has, reportedly, decided to close down its electronics focused pop-up stores, while opening more grocery, convenience, book and gift stores.
Amazon plans to shutter around 87 pop-ups in the US – mostly located within shopping malls, Whole Foods Market and Kohl’s stores – by end of April. These pop-ups mainly concentrate on electronics products and services by Amazon, such as Echo smart speakers Kindle e-readers, Fire tablets as well as Amazon Prime services.
The decision comes at a time when Amazon is otherwise ramping up its physical presence – with plans to set up mostly large-sized stores across a few formats.
The retailer will set up Whole Foods stores, a healthy grocery concept that Amazon acquired in 2017. The stores would, reportedly, come up under a new brand, different from Whole Foods.
On the other hand, Amazon plans to expand the number of its bookstores, Amazon Books and Amazon 4-Star – a gift shop-like concept. Through Amazon 4-Star, the retailer makes way for customers to touch-and-feel products that they have browsed online, liked and gave a customer rating of four stars or more.
These moves come as part of Amazon’s effort to “provide a more comprehensive customer experience and broader selection.”
In addition, the retailer also operates and plans to increase the footprint of Amazon Go – its cashier less convenience store concept – and rolled out the same concept in a smaller format. In the wake of increased competition from retailers, across the world, using both physical and digital channels seamless, Amazon continues to evolve in its quest for a perfect omnichannel retailing strategy.
Referred sources: CNBC, Reuters, The Wall Street Journal
According to a report by the United Nations, the fashion industry accountsFebruary 18, 2021 | By Shruthi Nair
The jewellery making industry has been under tremendous scrutiny over the yearsFebruary 11, 2021 | By Shruthi Nair
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
Homegrown, organic and plant milk company, Koita has announced its expansion into
Retailers in the Middle East are making strides in their multichannel offerings,
Tighter restrictions on hotels, restaurants, shopping malls and entertainment venues on account of
All hotels and restaurants have been directed to temporarily hold entertainment activities
The new Dubai Gold Souk is “very much on track”, according to
Gone are the days of traditional brick-and-mortar as well as purely e-commerce
The Dubai Gold & Jewellery Group’s ongoing jewellery campaign, held in association
Retail Abu Dhabi, the retail platform of the Department of Culture and
Gulf Marketing Group (GMG) is gearing up for a continued surge in
UAE-based Emaar Malls have announced the resignation of its CEO, Rajiv Suri
The Lumière Co, a new e-commerce platform, has launched to offer young
Nakheel Malls, the retail arm of master developer Nakheel, has launched its
Serena Marketplace, a new community shopping and service centre for the Mediterranean-themed