The past decade has seen a wave of changes at Amazon.
The company has been struggling to build a profitable online store business, and in November 2017 it closed a $9 billion deal with Wal-Mart to sell off its brick-and-mortar stores and put its warehouses and logistics in Asia.
Its online stores have since struggled to meet demand.
In April 2018, the company announced it would be launching a new business called Prime, which will be run by Amazon’s billionaire founder, Jeff Bezos.
Amazon’s chief financial officer, Peter Oppenheimer, said at the time that the company had no plans to sell its physical stores.
“We are excited to open Prime,” he said at a conference call with analysts.
The Amazon acquisition has also been marked by a backlash among online shoppers, who have complained about Amazon’s prices and service.
Amazon recently closed more than 200 of its stores, including many of the largest brick- and-mortars in the US.
Critics say the online retailer has failed to deliver on promises it made to consumers.
A 2016 survey by the Consumerist found that just 8% of Amazon shoppers are willing to pay more for a better service, and just 7% would pay more to have a better selection of products online.
Earlier this month, Walmart said it would no longer sell products online at its brick and mortar stores, as the company began shutting down its online stores.