Amazon plans to shut down its Amazon Webstore business

Amazon has started telling online merchants that it plans to shut down its Amazon Webstore business, which helps small and midsize retailers create and run their own online shop, reports Re/Code, citing sources.

According to the report, Amazon is giving its Webstore customers more than a year to find a new vendor before the company shuts down the service. Accordimg to the report, many companies that help these small merchants sell on their sites and online marketplaces have reportedly already started advising their sellers to move off of Amazon Webstore.

Amazon-plans-to-shut-down-its-Amazon-Webstore-business

The news has also started to spread on message boards for Amazon sellers. The reason behind such a move is still unclear. Several media reports suggest that the company may want to go back to hosting merchants on its website rather than offering them their own website.

In the recent years, the e-commerce software business has become highly competitive. Amazon's competitors include Canada based Shopify, Bigcommerce, Mozu, Magneto, and local players, like, BuildaBazaar, MartJack, Sellmojo, among others.

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