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Chronicles

The story behind the story

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Amazon plans to close eight Go convenience stores in Seattle, NYC, and San Francisco, as the company reevaluates its brick-and-mortar strategy and cuts costs

Annie Palmer / CNBC :

CNBC Annie Palmer

Context & Ripple Effects

Amazon Go was once discussed as a potentially vast cashierless-store network, with reports in 2018 pointing to ambitions of up to 3,000 Go locations. The company had already shown a willingness to exit physical formats, closing Books, 4-star and Pop Up locations in a broader 68-store retrenchment a year earlier.

These eight Go closures make the convenience-store format part of that reassessment. Later coverage records a roughly halved Go portfolio from early 2023, placing this move at the start of a sustained pullback rather than an isolated local adjustment.

First-order effects

  • Amazon reduces its Amazon Go presence in Seattle, New York City and San Francisco while reviewing the economics of its brick-and-mortar operations.
  • The closures redirect Amazon's physical-retail attention away from eight Go sites at the same time the company is cutting costs.

Second-order effects

  • Amazon's remaining Go locations face a higher bar for continued operation, consistent with the earlier shutdown of its Books, 4-star and Pop Up formats.
  • The decision weakens the case for rapidly scaling the cashierless-store footprint envisioned in the earlier 3,000-store expansion discussion.

Third-order effects

  • Amazon's later decision to close its remaining Fresh and Go stores and focus physical retail on Whole Foods suggests the company ultimately consolidated around a single established grocery banner rather than multiple proprietary formats.
  • The arc points to physical retail becoming a more disciplined portfolio business for Amazon: experimental store concepts must justify their place alongside Whole Foods rather than scale on technology promise alone.

The trend: Amazon is moving from proliferating proprietary physical-store experiments toward concentrating its retail footprint in Whole Foods.

Discussion

  • @silviakillings Silvia Killingsworth on x
    I remain completely unconvinced that Amazon can do stores https://www.bloomberg.com/...
  • @rakeshlobster Rakesh Agrawal on x
    When does Amazon sell off Whole Foods? I'd bet within next 5 years. https://twitter.com/...
  • @tomgara Tom Gara on x
    Amazon's cashier-free store stuff has been one of the tech things I most overestimated in the last decade - assumed it would be extremely disruptive and spread widely, but seems to have basically flopped https://twitter.com/...
  • @harrymccracken Harry McCracken on x
    All of SF's Amazon Go stores are closing, including one where I've bought tons of stuff. I like it, but they did an odd remodel as COVID arrived where they dramatically scaled back the offerings in favor of a lot of seating that still doesn't get used. https://www.geekwire.com/..…