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Microsoft shuts down retail chain, takes $450M charge

Microsoft on Friday stated it could shut its chain of retail retailer and take a $450 million charge in opposition to earnings to account for the everlasting shutterings.

The shops – Microsoft had 82 worldwide, all however 10 of them situated within the U.S. – have been padlocked since mid-March, when the Redmond, Wash. firm closed them due to the coronavirus pandemic. None had reopened earlier than Microsoft slid them into the “actually lifeless” class.

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Four outlets – one of the New York City stores, those in London and Sydney, and an on-campus location in Redmond – will be repurposed as “Microsoft Experience Centers” where products will presumably be shown if not sold, highlighted if not hawked.

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