Bose is closing 119 retail stores worldwide across North America, Europe, Japan and Australia.
New York Bose is significantly shrinking the number of retail stores it operates because of the"dramatic shift" to online shopping, the company said in a statement.
The maker of high-end electronics said it's closing 119 retail stores worldwide across North America, Europe, Japan and Australia. It will continue to operate about 130 stores throughout China, the United Arab Emirates, India and some Asian countries. Mirroring a broader shift in the retail industry, Bose said that it doesn't need brick-and-mortar stores because its customers are buying their products online.
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