Economics/Class Relations

Amazon to close, scrap plans for dozens of warehouses amid slowing sales growth: report

Amazon is reportedly scrapping plans to build dozens of warehouse facilities across the United States amid slowed sales growth.

The consulting firm MWPVL says that the online retail giant is either closing or abandoning plans to open 42 facilities across the country totaling almost 25 million square feet of usable space, Bloomberg reported.

The firm says that Amazon has also delayed opening 21 other locations and canceled several European projects, mostly in Spain.

“Amazon is a dynamic business and we are constantly exploring new locations,” Amazon spokesperson Maria Boschetti told Fox News Digital. “We weigh a variety of factors when deciding where to develop future sites to best serve customers. We have dozens of fulfillment centers, sortation centers and delivery stations under construction and evolving around the world. It’s common for us to explore multiple locations simultaneously and adjust timetables based on needs across the network.”

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