With more people buying electronics online, offline retail stores have lost customer footfalls as well as revenue in the last few years.
GARRIOCH: Former Senators winger Marian Hossa, Ottawa's Doug Wilson among Hall inductees
He scored 426 goals and had 682 assists, for 1,108 points with the Sens-all franchise records that have yet to be broken. He was a defensive stalwart on all five of the Oilers" Stanley Cup-winning teams in the 1980s and "90s.
The four stores that will remain open will be redesigned. Microsoft has committed to transitioning retail employees to new sales and other roles, as the company shifts resources back into online commerce. "Our retail team members will continue to serve customers working from Microsoft corporate facilities or remotely", David Porter, corporate vice president, Microsoft said in a statement.
The move comes as most shopping continues to swerve into online environments, and Microsoft's selection of goods and services is progressing alongside that change. "The charge includes primarily asset write-offs and impairments", the company said today.
Porter said Microsoft would put more resources into its "digital storefronts" and use the retail workforce to offer new training and sales services, including one-on-one video sales support.
USA stocks end higher as bank shares lead
The broad-based S&P 500 fell 0.7 per cent to 3,060.82, while the tech-rich Nasdaq Composite Index shed 0.8 per cent to 9,939.71. Hospitalizations and cases have hit new highs in California, Florida and Texas, which is suspending its aggressive reopening.
It is pulling the plug on almost all of its retail stores, with the exception of four flagship sites in New York, London, Sydney, and Redmond, Washington, transforming these last stores standing into what it's calling "Experience Centers". The team supported communities by hosting more than 14,000 online workshops and summer camps and more than 3,000 virtual graduations.
"With significant growth through its digital storefronts, including Microsoft.com, and stores on Xbox and Windows, the company will continue to invest in digital innovation across software and hardware", reads the announcement.
IPhone can be used as digital auto key — BMW
The upcoming phone is likely to feature an all-new Super Retina XDR display and will be powered by the Apple A14 Bionic chip. Users can then place the iPhone in the smartphone tray and push the engine start / stop button to start the vehicle .