According to the Brand Finance report, Amazon, which is the second most valuable brand in the world after Apple with $ 350.3 billion, continues to come up with interesting events. The company, which came across with a former employee stealing tens of thousands of dollars worth of computer hardware from warehouses and selling it to a computer company, recently announced that it had made a critical decision.
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Amazon has decided to close the store!
Amazon recently made an interesting decision that closely concerns the USA and the UK. The company announced that it will close 68 physical stores in the two countries. While the reason for the said decision is unknown, it was also stated that various measures were taken to prevent the related store employees from becoming victims.
Amazon will offer different positions in the company to employees in the stores to be closed. Employees who do not want to stay by rejecting the offer will be separated by paying severance pay. Workers will make the final decision here.
Closing dates will vary depending on the location of the stores. Amazon will inform customers about the subject via signage here.
Although Amazon was founded in 1994, it opened its first physical store in 2015. The company, which increases its physical stores day by day and even opened the first Whole Foods store without a cashier recently, will not completely withdraw from the physical store business with its latest move. However, the decision will not affect the company’s 38 Amazon Fresh and Whole Foods stores in more than 500 locations.
Finally, let’s mention that Amazon has started to relax its coronavirus measures. Because the company announced that it has lifted the mask requirement for its employees in its operation facilities in the USA.
So what do you think about this subject? What do you think is the reason behind Amazon’s decision to close its physical stores? Give your feedback in the comments section or SDN ForumDon’t forget to share it with us.