Bose audio store to close in Meadowhall as company announces the closure of 119 stores worldwide
The company has chosen to shut down all of the stories it currently operates in the UK, Europe, North America, Japan and Australia.
The Massachusetts-based company said the move was prompted by a “dramatic shift” to online shopping in many parts of the world.
The closures will include “around 10 stores in Britain,” according to the company, which includes its UK flagship on Regent Street in London.
Other Bose stores in the UK include Sheffield, Portsmouth, Leeds, York, Swindon and Cheshire Oaks Designer Outlet near Liverpool.
But around 130 stores in Greater China, the United Arab Emirates, India, Southeast Asia and South Korea will not be affected and will remain open.
The private company declined to reveal how many employees would be affected, but said it would offer “redeployment assistance and severance pay”.
The closures are expected to take place over the next few months, according to the company, which opened its first retail store in the United States in 1993.
âOriginally, our retail stores provided a way for people to discover, test and tell us about multi-component, CD and DVD-based home entertainment systems,â said Colette Burke, vice president of worldwide sales at Bose Corporation.
âBack then it was a radical idea, but we focused on what our customers needed and where they needed it – and we’re doing the same now.
âIt’s always difficult, as the decision impacts some of our great store teams who make us proud every day.