Venture department stores like Amazon and Zappos have struggled to maintain their online presence as retailers move to online sales.
According to a report by VentureSource, the online retail giant is planning to close all of its stores in 2017, including some in the US.
The decision to close the stores comes as retail and consumer spending in the United States continues to decline, and the number of online retailers is growing.
VentureSource said the retail space is expected to shrink by 5.5 percent in 2017 and by 6.5% in 2018, and could shrink by as much as 7 percent in 2019.
The company added that the closures would affect 3,000 retail and non-retail locations in the country.
In a statement, a spokesperson for Amazon said the retailer will “continue to invest in our team of passionate, talented, and passionate people,” and said it is committed to providing customers with the best possible shopping experience.
Zappos said in a statement that the company is “making strategic investments to invest more aggressively in our online shopping capabilities and expand our online store offerings,” and that it will “continually innovate and invest in building our physical and online presence in the coming years.”
The move to shut down all of the stores is not the first time a company has cut its online presence.
In 2014, Amazon cut its workforce by 10 percent as part of its effort to reduce its costs.
Amazon is also closing a number of retail stores in the UK.
According the Telegraph, the British retail giant has also decided to shut its flagship online store in London, which it acquired in 2014.
Amazon did not immediately respond to a request for comment.