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Stock impact report

Amazon to close 23 California grocery stores as it axes cashier-free concept [Yahoo! Finance]

Grocery Outlet Holding Corp. (GO) 
Last grocery outlet holding corp. earnings: 3/24 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Amazon announced the Amazon Go and Fresh closures in a news release on Tuesday, where it said that the company has yet to find "the right economic model needed for large-scale expansion" of its Amazon-branded grocery stores. Amazon currently operates 19 Amazon Fresh storefronts in Southern California and three in Northern California, as well as one Amazon Go store in Los Angeles County. The company launched Amazon Fresh as a delivery-only service in 2017 but later brought physical grocery store locations to Los Angeles and Chicago in 2020 before expanding nationwide. Amazon Go stores have smaller footprints and were first launched in Seattle. Both Amazon Fresh and Amazon Go feature cashier-less checkout technology. An Amazon spokesperson confirmed that 57 Amazon Go stores and 15 Amazon Fresh locations across the U.S. will close as early as Sunday, but said that the California locations will shutter later while the company complies with state law. In California, groceries and phar Show less Read more
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