Amazon intends to ‘go big’ on real food shops in the future

On other fronts, the physical retail industry has faltered. Amazon announced about a year ago that it was shutting all of its bookstores, 4-star shops, and pop-up sites in the United States and the United Kingdom. The goal at the time was to concentrate more on food shops and physical clothes stores. Yet, Amazon suffered a $720 million loss last quarter as a result of halting its food development ambitions.