Bose is closing more than 100 stores worldwide

[r2d2]

Bose is significantly shrinking the number of retail stores it operates because of the "dramatic shift" to online shopping, the company said in a statement.

The maker of high-end electronics said it's closing 119 retail stores worldwide across North America, Europe, Japan and Australia. It will continue to operate about 130 stores throughout China, the United Arab Emirates, India and some Asian countries.

Mirroring a broader shift in the retail industry, Bose said that it doesn't need brick-and-mortar stores because its customers are buying their products online. In addition selling products online, Bose products are sold by large retailers like Best Buy (BBY) and Target (TGT) and it also has an Amazon (AMZN) storefront.

Bose wouldn't disclose how many employees are affected by the moves but said they will receive severance. Colette Burke, Bose's vice president of global sales, said the decision was "difficult" and the company is "grateful" for its store employees.

[jefferson1]

hmmm

valla stores baguntai... i went to outlet stores

[tacobell fan]

KOTTABHOTUNNAM deals tho antunna @BOT head @Idassamed