4:00 AM
Sunday 28 June 2020
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Books – Asim Al-Ansari:
Microsoft Corporation of America announced that it will permanently close the 83 retail stores, and instead will focus on its online store, where customers can go for support, sales, training and more.
According to CNBC, the company said, “The members of the retail team will help the site rather than the stores, and that all employees will have the opportunity to continue working for the company.”
“Our online sales have grown, as our product portfolio has generally evolved into digital offerings, and our talented team has proven successful in serving customers outside any physical location,” Microsoft Vice President David Porter said in a post on the company’s blog. At Microsoft Store and we look forward to continuing to serve them online and with the retail sales team at Microsoft Corporation sites. “
The decision is believed to have been taken after the company decided to temporarily close stores in March due to the outbreak of the emerging corona virus (Covid-19).
Microsoft said: “The closure of its actual locations will result in pre-tax fees of about $ 450 million, or 5 cents per share, which it will record in the current quarter that ends on June 30.”
It is noteworthy that the company’s decision today comes days after the announcement of the end of its service, “Mixer”, next month.
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