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Amazon (AMZN) reached $244.68 at the closing of the latest trading day, reflecting a +2.63% change compared to its last close.

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Amazon's top grocery executive Jason Buechel told staff that the company needs to make more "deliberate choices" to win over customers. The company said it's closing its Fresh supermarket and Go convenience store chains.

Amazon has reached a settlement valued at more than $1 billion to resolve claims that it failed to properly refund customers for their returns. The settlement includes more than $600 million already distributed or soon to be paid in refunds, plus an additional funds that will be paid out to affected consumers, according to court documents.

The retail giant announced the closures in a blog post on Tuesday, Jan. 27.

Amazon is closing its Amazon Go and Amazon Fresh stores while adding more same-day grocery delivery services. “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 wrote in its announcement Tuesday (Jan. 27).

Amazon.com Inc. is shuttering its Amazon-branded grocery stores and automated grab-and-go markets, eliminating two centerpieces of its push into physical retail.

Amazon is reiterated as a "Buy" with a $327/share price target, reflecting resilient retail and AWS growth amid AI-driven uncertainty. AMZN's retail business is positioned to benefit from value-oriented consumer shifts and private label brands, offsetting potential AWS margin compression. Q4'25 is pivotal as investors scrutinize AI investment conversion, backlog diversification, and the durability of consumer spending.

Amazon.com Inc (NASDAQ:AMZN) will report its fourth quarter earnings on February 5 and Bank of America analysts expect the company to top the Wall Street consensus on both revenue and profit. The analysts estimate Q4 revenue of $213 billion and operating income of $26 billion, compared with the Street's consensus of $211 billion and $24.6 billion, respectively.