Amazon shuts down wholesale business in India

Idowu Abdullahi
Idowu Abdullahi
(FILES) In this file photo taken on March 30, 2020 the logo of US online retail giant Amazon is seen at the distribution center in Staten Island as workers strike in demand that the facility be shut down and cleaned after one staffer tested positive for the coronavirus in New York. - California filed a suit September 14, 2022 accusing Amazon of using its market influence to prevent merchants from offering buyers better deals elsewhere online, in violation of state antitrust law. (Photo by Angela Weiss / AFP)

The United States online retailer Amazon on Monday said that it would shut down its wholesale distribution business in India as it moved to focus more on its core retail business.

Amazon Distribution, its wholesale e-commerce website available to small neighbourhood stores in Bengaluru, Mysore and Hubli, was designed to help small stores, pharmacies and department stores in India to secure inventory from the firm.

“We don’t take these decisions lightly. We are discontinuing this program in a phased manner to take care of current customers and partners,” a company spokesperson said in a statement.

The exit will result in the layoffs of hundreds of workers.

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *