Major Retailer Announces It's Closing All Remaining Stores In North America

Another sad day for retailers, as Bose announced today that it's closing 119 remaining stories across North America, Europe, Japan, and Australia, leaving behind about 130 stores remaining in China, the United Arab Emirates, India, and a few other Asian countries.

In our area, Bose's locations in the King of Prussia Mall and Christiana Mall will both be closing, though no date was given.

In a statement, the company said the "dramatic shift" to online shopping was a big reason for the closures. The company also added that it "doesn't need" brick-and-mortar stores because it's customers are still buying online. They added all employees will receive severance and that they are "grateful" to all of their employees.