Microsoft to permanently close all physical stores

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NEW YORK (AP) – Microsoft said on Friday that it is closing all of its brick and mortar stores around the world permanently.

Like other retailers, the software and computer giant had to temporarily close all its stores at the end of March due to the COVID-19 pandemic. According to the website, Microsoft has 72 stores in the US and several others abroad where they present and sell laptops and other hardware. Friday’s announcement reflects what the company calls a “ strategic change ” for its retail as sales shift more and more online.

Microsoft said it would “rediscover” the physical spaces at the four high-profile Microsoft Experience Centers in New York City, London, Sydney, Australia and at the company’s headquarters in Redmond, Washington.

Microsoft said the closings would result in a pre-tax tax of approximately $ 450 million, or 5 cents per share, taken in the current quarter ending June 30. The company did not say whether the move would lead to layoffs.

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