Amazon has agreed to pay $309 million to settle a class action lawsuit in which the plaintiffs claimed they were incorrectly denied refunds for product returns, Reuters reported Monday (Jan. 26).

Amazon sent a notice out to staffers in an apparent error acknowledging "organizational changes" at the company. Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025.

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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).