Amazon to close Fresh and Go stores to focus on delivery, Whole Foods

Amazon (AMZN) stock moved 1.6% higher after the company announced plans to close its Amazon Fresh and Amazon Go stores to focus on delivery services and expanding Whole Foods, which Amazon acquired in 2017. "While we've seen encouraging signals in our Amazon-branded physical grocery stores, we haven't yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion," the company said in the release. According to sources close to the matter, Amazon plans ...