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Microsoft shutting down retail locations in strategy change

Posted at 8:17 AM, Jun 26, 2020
and last updated 2020-06-26 11:27:44-04

SCOTTSDALE, AZ — Microsoft announced Friday it will be shutting down its physical store locations as part of a strategy change for the company.

The closures impact two Microsoft stores in Arizona, including one at Scottsdale Fashion Square and another at Chandler Fashion Center.

The company says it will still provide services like sales, training and support from its corporate facilities, as well as remotely.

“The closing of Microsoft Store physical locations will result in a pre-tax charge of approximately $450M, or $0.05 per share, to be recorded in the current quarter ending June 30, 2020. The charge includes primarily asset write-offs and impairments,” the company said in a news release Friday.

Microsoft sales have grown online, according to the company, and the store closures in March due to coronavirus have allowed their services to grow remotely.

Read more from Microsoft about its store closures and strategy here.