Microsoft will close nearly all of its stores, it has said. The physical stores that are based across the world will be shut and the staff who worked in them will instead work either remotely or in
Microsoft said Friday it is permanently closing nearly all of its physical stores around the world
Microsoft is to shut shop on the high streets and malls of America, permanently closing its 116 retail stores. Only 10 were overseas; flagship stores in New York City, London, Sydney, and Redmond will be remain as showrooms that do not sell the products. There will be no layoffs, Microsoft reports.
On Friday, Microsoft said it plans to close many of its physical Microsoft Store locations permanently. Moving forward, it will focus its efforts on Microsoft.com, where the company’s customers can go to purchase products, as well as get support and
Citing changes in the retail landscape, the coronavirus, and changes in its own revenue model, Microsoft has announced that it will permanently shutter all of its retail venues.
Just four locations will remain open. The rest are closing.
Microsoft said the closing of its physical locations will "result in a pre-tax charge of approximately $450 million, or $0.05 per share," which it will record in the current quarter ended June 30.
NEW YORK (AP) " Microsoft said Friday it is permanently closing nearly all of its physical stores around the world.Like other retailers, the software and computing giant had to temporarily close all of its stores in late March due to the COVID-19 pandemic. According to its website, Microsoft has 83 stores worldwide, including 72 stores in the U.S., and several others abroad where it showcases and sells laptops and other hardware. Friday's announcement reflects what the company calls a [
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