Bose will shutter its retail stores in North America, Europe, Japan, and Australia
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Bose will be closing all its retail stores in North America, Europe, Japan, and Australia because of the focus on e-commerce in these regions. Hundreds of employees will be laid off as a result, but the privately held company isn't revealing how many workers will be affected by the decision. Bose said it will offer outplacement assistance and severance to the employees that are being laid off.