Amazon shuts down business in India

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U.S. online retailer, Amazon will shut down its wholesale distribution business in India as it moved to focus more on its core retail business.

This was announced on Monday by a spokesperson from the global business in a released statement.

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 secure inventory from the firm.

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“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.

dpa/NAN

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