Why is Bose going out of business?
Popular audio brand Bose has announced it is closing a significant number of its stores. The Verge reports that the company made the decision due to the popularity of online shopping and reduced consumer interest in brick-and-mortar stores.
Is Bose shutting down?
On January 15, Bose Corporation (Bose), a leading global manufacturer of high-end audio systems, announced its plan to close all 119 of its retail stores in North America, Europe, Japan, and Australia.
Did Bose go out of business?
Audio equipment company Bose is set to shut down 119 locations across the globe, including all its stores in the United States. Sacramento's CBS affiliate reported the news of the store closures on Wednesday. As of 2016, the company had a global workforce of 10,500 workers, according to the Telegram.