Disney to Close 60 Retail Stores to Focus on E-Commerce

Danny Vena, The Motley Fool
·2-min read
Disney to Close 60 Retail Stores to Focus on E-Commerce

Disney (NYSE: DIS) announced on Tuesday that the company planned to close at least 30% of its brick-and-mortar retail stores in North America by the end of 2021. Disney described the move as the beginning of its downsizing efforts with plans to assess operations at other locations, with the potential for more closures. The company has roughly 300 Disney stores worldwide.