Bose to Close 119 Retail Stores Across the World
- 4 years ago
Bose to Close 119 Retail
Stores Across the World Bose recently released a statement
announcing their decision to close down
119 stores over the “next several months.” The closing will officially halt their
physical retail store presence in North
America, Europe, Japan and Australia. Bose will continue to have approximately
130 stores open across China,
Southeast Asia and the United Arab Emirates. According to their statement, the decision represents
the company’s “dramatic shift” to online shopping. Bose, via statement Bose, via statement Bose also described the decision as
“difficult" since the store closures mean a
number of employees will lose their jobs. Bose, via statement Bose intends to offer outplacement assistance
and severance to affected employees.
Stores Across the World Bose recently released a statement
announcing their decision to close down
119 stores over the “next several months.” The closing will officially halt their
physical retail store presence in North
America, Europe, Japan and Australia. Bose will continue to have approximately
130 stores open across China,
Southeast Asia and the United Arab Emirates. According to their statement, the decision represents
the company’s “dramatic shift” to online shopping. Bose, via statement Bose, via statement Bose also described the decision as
“difficult" since the store closures mean a
number of employees will lose their jobs. Bose, via statement Bose intends to offer outplacement assistance
and severance to affected employees.