L Brands, Inc. reported net sales of $849.3 million for the four-week period ended Feb. 27, 2016, an increase of 5% compared to net sales of $806.1 million for the four-week period ended Feb. 28, 2015. Comparable sales (including direct) for the four weeks ended Feb. 27, 2016, increased 5%. Please refer to the table below for comparable store-only sales.
Microsoft said on Friday it will permanently close all of its 83 store locations and will instead focus on its e-commerce business, where customers can visit for support, sales, training and more. The decision comes after Microsoft temporarily closed stores in March due to the spread of the coronavirus. Microsoft said the thousands of workers from these stores have already transitioned to new roles where they’re providing sales, training, and support to customers from Microsoft corporate facilities or remotely. Microsoft added that the company has seen significant growth in its digital storefronts, including Microsoft.com and stores on Xbox and Windows, and that it will continue to invest in digital innovation across software and hardware.
Total Retail’s Take: Microsoft opened its first brick-and-mortar store in 2009, where people could go to try the company’s software and hardware. This decision was made after Apple, its main competitor, was enjoying great success and popularity with its modern, clean retail outlets. Over the past decade, Microsoft expanded its retail presence in an effort to create a shopping experience similar to Apple’s. However, while the retail outlets let users try its Surface models and test out Xbox games, they often suffered from a lower level of interest and foot traffic than nearby Apple stores. Therefore, it’s not a surprise that Microsoft isn’t reopening post-pandemic.
more at source: https://www.mytotalretail.com/article/microsoft-to-permanently-close-all-retail-stores/