Microsoft to permanently close most stores
Microsoft says 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 72 stores in the US and several others abroad where they sell laptops and other hardware.
Friday’s announcement reflects what the company calls a “strategic change” for its retail business as sales increasingly shift online.
Microsoft said it would “reimagine” the physical spaces at its four high-profile Microsoft Experience Centers in New York City, London, Sydney and at the US company’s headquarters in Redmond, Washington.
Microsoft said the closures would result in a pre-tax charge of about $US450 million ($A657 million), or 5 US cents per share, taken in the current quarter ending June 30.
The company didn’t say if the move would result in lay-offs.
Underpayments in the retail and hospitality sectors was a top priority for the workplace watchdog until Covid-19. H… https://t.co/rQstqL1tz059 mins ago
After an 18-month review of APRA, the main music licensor businesses use to play music in their shops and cafes, th… https://t.co/piv36mwUb814 hours ago