Disney to close 60 North American retail stores, focus on e-commerce

The Walt Disney Company will close at least 60 Disney retail stores in North America this year as it revamps its digital shopping platforms to focus on e-commerce.

Disney is also evaluating a reduction of stores in Europe, adding that locations in Japan and China will not be affected. The company currently operates roughly 300 Disney stores around the globe.

Disney did not say how many people would lose their jobs as a result of its store closures.

Consumers have been moving to digital shopping over physical locations, and chains including Walmart and Macy’s have shuttered physical stores. The global coronavirus pandemic accelerated that change in behavior when people were forced to stay home.

Over the past few years, Disney has expanded its shops inside other retailers such as Target. New products will be introduced including adult apparel, artist collaborations, streetwear, premium home products and collectibles.

Source: https://news.abs-cbn.com/business/03/04/21/disney-to-close-60-north-american-retail-stores-focus-on-e-commerce

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