Bose to Shutter 119 Bose Stores in N. America, Europe, Japan & Australia

Bose mall store
A Bose mall location [Photo: Julia Banks, Boston Business Journal]

Bose Corp. announced earlier today that it will close a total of 119 Bose retail stores as a response to changing retail purchasing trends. The locations to be closed represents their entire retail footprint in North America, Europe, Japan, and Australia.

See more on this dramatic announcement from Bose…

Bose released a statement today that it will shutter a significant portion of their entire retail showroom footprint as a result of “the dramatic shift to online shopping in specific markets.” The company’s retail locations were largely positioned in urban areas, often upscale malls…although not exclusively so.

The privately-held, Framingham, Mass-based Bose is declining to reveal just how many employees will be impacted by this mass shutdown. However, the Verge is reporting that the move will result in “hundreds of employees being laid off.”

Started in Retail in 1993

Bose opened their first retail location in 1993 in order to be able to provide in-person demonstrations of various music systems, such as their Wave system and Lifestyle home theater system. Slowly, the company expanded their retail footprint, ultimately developing a substantial global presence.

The company says that it will keep Bose stores open in other select areas that presumably are less susceptible to impact from online sales including approximately 130 stores in Greater China and the United Arab Emirates; and also locations in India, Southeast Asia and South Korea. As far as the 119 stores being closed as part of this announcement, the company says those closings will take several months to accomplish.

Retail Teams ‘Set the Standard for Customer Service’

“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. 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. It’s still difficult, because the decision impacts some of our amazing store teams who make us proud every day. They take care of every person who walks through our doors – whether that’s helping with a problem, giving expert advice, or just letting someone take a break and listen to great music. Over the years, they’ve set the standard for customer service. And everyone at Bose is grateful.”

Colette Burke, vice president of Global Sales, Bose Corporation

The company says that it will offer outplacement assistance and severance to those employees being laid off as a result of this decision.

Bose Product Available Through Many Other Locations

In addition to Bose products sold on their own website, they also offer their products for sale through major retailers such as Best Buy, Amazon, Target, and Apple stores. The also offer Bose products through other third-party retailers.

For more information on Bose, visit: www.bose.com.

About Ted

A sales and marketing specialist - primarily in the technology industry - I've experienced a sort of "circle of life" in business. I've been a mass merchant retailer, a specialty retailer, a specialty manufacturer, a large volume manufacturer, a distributor, and even represented sales representatives. Now the owner of a marketing company that works with a variety of businesses on improving their strategic marketing and business development - I analyze issues from all angles to develop holistic solutions.

Comments

Bose to Shutter 119 Bose Stores in N. America, Europe, Japan & Australia — 1 Comment

  1. Since the majority of their sales are now BT portables and headphones along with new Sound Touch multi-room systems ( a nod to your other note today) it seems Bose is better served by pop up stores in airports and merchandising in other retailers. Lifestyle systems, 321 offer and of course their loudspeaker sales became de minimus, so it looks like a solid business decision. It is the end of an era though. Thanks Ted.

Comment on this Post

Your email address will not be published. Required fields are marked *

PLEASE READ OUR **COMMENT POLICY** BEFORE POSTING A COMMENT

We welcome your comments and encourage you to participate by offering your insights and thoughts on our posted stories. However, in some instances, your comment may be subject to editing or deletion if they violate one or more of the following points.

    --First, while we support vigorous debate and are generally quite tolerant of even controversial thoughts and ideas - we do not tolerate rudeness, profanity, or personal attacks.
    --Second, please stay on topic with your thoughts.
    --Third, while links to relevant content are OK, we do not allow self-promotion or SPAM.

The owner of this site reserves the right to edit or delete any comments submitted to this site without notice. This comment policy is subject to change at any time.

This site uses Akismet to reduce spam. Learn how your comment data is processed.