Tuesday, January 27, 2026 at 6:23 PM
Amazon plans to close its Amazon Go and Amazon Fresh stores, converting some locations into Whole Foods Market stores as part of a shift in its grocery strategy.
All but a dozen of the roughly 70 Saks Off 5th stores will be shut, and the online business will wind down too.
Many corporations binged on labor during the pandemic. Now, facing economic uncertainty and AI threats, they are slimming down.
The fizzled tie-up is a setback for Amazon’s efforts to gain a bigger foothold in high-end sales.
The bankrupt auto-parts supplier has been unable to shore up additional liquidity it needs before cash runs out in days.
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