Microsoft to close physical stores, take $450 mln hit – Reuters

FILE PHOTO: The Microsoft logo is pictured ahead of the Mobile World Congress in Barcelona, Spain February 24, 2019. REUTERS/Sergio Perez(Reuters) – Microsoft Corp (MSFT.O) said on Friday it would close its retail stores and take a related pretax asset impairment charge of $450 million in the current quarter. The Redmond, Washington-based software giant said…

Microsoft to close physical stores, take $450 mln hit – Reuters

FILE PHOTO: The Microsoft logo is pictured ahead of the Mobile World Congress in Barcelona, Spain February 24, 2019. REUTERS/Sergio Perez(Reuters) – Microsoft Corp (MSFT.O) said on Friday it would close its retail stores and take a related pretax asset impairment charge of $450 million in the current quarter. The Redmond, Washington-based software giant said it would continue to serve customers online, with team members working remotely from corporate facilities. A Microsoft spokeswoman told Reuters all current retail employees would be given an opportunity to remai
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