…Microsoft is shutting stuff down…
In a major shift in its approach to retail, Microsoft said Friday it’s closing all its physical stores in a move that will result in a pretax charge of $450 million for the June quarter.
The charge, of 0.05 cents per share, includes primarily asset write-offs and impairments. The stores have been shuttered since late March due to the COVID-19 pandemic. The software giant had ramped up its retail presence over the past decade with locations reminiscent of ubiquitous Apple stores. Microsoft’s website lists 72 store locations in the U.S. and six others in Australia, Canada, Puerto Rico and the U.K.
It’s Séan’s fault!