On Friday, Microsoft announced that it will be closing almost all of the company's physical stores throughout the world.
The decision was made after the multinational technology company closed its stores in March as a result of the pandemic, reports CTV News.
The company said that all employees will be given the opportunity to continue working there.
Microsoft has 83 stores around the world—72 of them in the U.S. The company is calling the move a “strategic change” as it shifts towards more of an online presence.
"Our sales have grown online as our product portfolio has evolved to largely digital offerings, and our talented team has proven success serving customers beyond any physical location," said David Porter, Microsoft’s corporate vice president.
Microsoft plans to “reimagine” its Microsoft Experience Centers, which are located in New York, Sydney, London, Australia as well as its Redmond, Washington headquarters.
Closing the stores will reportedly cost $450 million in pre-tax charges.
"This is a tough, but smart strategic decision for Nadella & Co. to make at this point," Wedbush analysts wrote. "The physical stores generated negligible retail revenue for MSFT and ultimately everything was moving more and more towards the digital channels over the last few years."
Join and support independent free thinkers!
We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.
Remind me next month
To find out what personal data we collect and how we use it, please visit our Privacy Policy
