Amazon to close all of its bookstores and '4-star' shops
What: Amazon plans to close all 68 of its physical book stores, pop up shops and "4-star" stores in the United States and United Kingdom, ending some of its longest-running experiments in physical retail.
Why it is important: The e-tailer said physical retail remains an important way to reach shoppers and will continue to work on other concepts, such as its recently announced fashion store in greater Los Angeles.
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