Bose starts 2020 with the closing down of all retail operations in Europe, N. America, Japan and Australia. The reason? You might have guessed this correctly since it is, as the company puts it, "the dramatic shift to online shopping."
"Originally, our retail stores gave people a way to experience, test, and talk to us about multi-component, CD and DVD-based home entertainment systems," a statement from the company continues. "At the time, it was a radical idea, but we focused on what our customers needed, and where they needed it-- and we're doing the same thing now."