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Amazon Is Shutting Down 8 Go Stores

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Amazon is closing eight of its cashierless Go stores on April 1st.

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The decision is part of Amazon's cost-cutting measures amidst slowing sales growth.

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Amazon is reassessing its office needs due to more people working remotely.

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The company has previously closed down retail pop-up kiosks, physical bookstores, and '4-star' shops.

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Amazon's Go stores use high-tech cameras and sensors to detect products taken and returned by customers.

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The company remains committed to the Amazon Go format and currently operates more than 20 Go stores in the US.

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The closures are seen as part of Amazon's strategy of periodically assessing its portfolio of stores.

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Amazon plans to expand its brick-and-mortar grocery store business.

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Amazon CEO Andy Jassy hopes to launch a new format for grocery stores in 2023.

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