Microsoft shuts down retail chain, takes $450M charge

Microsoft shuts down retail chain, takes $450M charge




Microsoft on Friday said it would close its chain of retail store and take a $450 million charge against earnings to account for the permanent shutterings.

The stores – Microsoft had 82 worldwide, all but 10 of them located in the U.S. – have been padlocked since mid-March, when the Redmond, Wash. company closed them because of the coronavirus pandemic. None had reopened before Microsoft slid them into the “really dead” category.

Four outlets – one of the New York City stores, those in London and Sydney, and an on-campus location in Redmond – will be repurposed as “Microsoft Experience Centers” where products will presumably be shown if not sold, highlighted if not hawked.

To read this article in full, please click here






Software

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.