City
Epaper

Bose to close retail stores in N. America, Europe, Aus, Japan

By IANS | Updated: January 16, 2020 13:30 IST

Bose Corporation, which mostly sells audio equipment, is shutting all its 119 retail stores worldwide across Australia, North America, Europe, and Japan as its other products "are increasingly purchased online". Hundreds of staffers will be laid off as a result.

Open in App

The company has said it will be closing 119 of its "remaining" stores in North America, Europe, Japan, and Australia over the next few months.

However, about 130 stores will remain open in Greater China and the United Arab Emirates, as well as additional stores in India, Southeast Asia, and South Korea, ZDNet reported on Wednesday.

"Originally, our retail stores gave people a way to experience, test, and talk to us about multi-component, CD and DVD-based home entertainment systems," Bose Vice President of Global Sales Colette Burke was quoted as saying.

According to reports, Bose said it will offer outplacement assistance and severance to affected staffers.

But the company is keeping additional details, including the number of employees affected, private.

Bose opened its first physical retail store in 1993 and currently has locations in many shopping centres and the remaining malls scattered across the US.

The stores are used to showcase their line up, which has grown beyond Bose's signature noise-cancelling headphones in recent years to include smart speakers and sunglasses that double up as earbuds.

There are often similar demo areas at retailers like Best Buy, though Bose has plenty of competition to worry about in that environment, according to The Verge.

( With inputs from IANS )

Tags: boseSouth KoreaColette BurkeUnited Arab EmiratesZdnet
Open in App

Related Stories

CricketAsia Cup 2025: Pakistan Fielder Accidentally Hits Umpire on Head With Ball; Wasim Akram Says 'Bullseye', Video Goes Viral

CricketPAK vs UAE LIVE Cricket Streaming: When and Where to Watch Pakistan vs United Arab Emirates Asia Cup 2025 Match 10 in India

CricketPakistan vs UAE, Asia Cup 2025 Match 10 Delayed by an Hour; Check Timings Here

EntertainmentBTS Jungkook Looks Like K-Drama Lead at New York Fashion Week, Fans Call Him Prince Charming

CricketIndia vs UAE, Asia Cup 2025: Probable Playing XIs, Weather Forecast and Pitch Report for Today’s Match

टेकमेनिया Realted Stories

TechnologyBill Gates’ endorsement means India’s innovations hold great promise for Global South

TechnologyTEC, IIIT Naya Raipur sign MoU to collaborate on next-gen telecom tech

TechnologyIndia, Singapore reaffirm six-decade long relationship: Piyush Goyal

TechnologyStudy shows size, severity of chikungunya outbreaks unpredictable

TechnologyPrivate sector lenders post rise in deposits ahead of Q2 results