Microsoft to Close All Offline Stores Except Four Experience Centers

Only 4 Experience Centers Including Washington Remain
All Offline Stores Worldwide Closed
Liquidation Costs Approximately 540 Billion KRW

[Image source=Yonhap News]

[Asia Economy Reporter Hyunju Lee] Microsoft (MS) is closing all of its offline stores.

According to local media, MS announced on the 26th (local time) that it will close more than 80 retail stores operated in the United States, Canada, the United Kingdom, and other countries, except for some experiential stores.

Local media reported that this strategy is to focus more on online sales.

Stores that had temporarily suspended operations since March due to the impact of the novel coronavirus disease (COVID-19) will be permanently closed. Four locations, including Washington where MS headquarters is located, New York, Sydney in Australia, and London in the United Kingdom, will be converted into experiential centers.

MS announced that it plans to secure approximately $450 million (about 540 billion KRW) in liquidation costs related to the closure of offline stores. Specific details on the number of personnel reductions due to the store closures have not been disclosed.

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