Struggling Amazon rival has closed 100s of stores, more closing in 2025
NegativeFinancial Markets

- A struggling Amazon rival has closed hundreds of stores, with more closures anticipated in 2025, reflecting the ongoing shift in consumer shopping habits as online sales continue to grow. Despite e-commerce only accounting for about 16% of total retail sales, the convenience of online shopping has diminished the necessity for physical store visits.
- This development is significant for the company as it indicates a challenging retail environment where traditional shopping models are under pressure. The closures may impact the company's market share and ability to compete effectively against giants like Amazon.
- The broader retail landscape is increasingly competitive, with Amazon facing a growing boycott from consumers dissatisfied with pricing and service issues, particularly during the critical holiday season. Additionally, competitors like MercadoLibre are intensifying their efforts to capture online shoppers, highlighting the shifting dynamics in the e-commerce sector.
— via World Pulse Now AI Editorial System
