Disney is Closing 20% of Disney Stores to Focus on Online Shopping

If you’re a fan of visiting your local Disney Store, you may want to enjoy shopping there while you still can! Disney has stated that it will be closing 20% of their Disney Store locations before the end of the year to focus on online shopping.

As reported by CNBC: “Disney said Wednesday that it will close 20% of its brick-and-mortar Disney Store locations before the end of the year as part of a bigger focus on its e-commerce business. At least 60 of its North American locations will close, the company said, citing changing consumer behaviors and a desire to link its online shopping experience to its Disney Parks apps and social media platforms. There are about 300 Disney Stores worldwide.”

“While consumer behavior has shifted toward online shopping, the global pandemic has changed what consumers expect from a retailer,” said Stephanie Young, president of consumer products, games and publishing.

“The company declined to provide financial details about how closures will impact its results, but noted that there will be an undisclosed number of layoffs that coincide with the stores closing. Disney also declined to say which locations would be affected.”

Have you found yourself shopping Disney products online more these days? With Disney products easily accessible via shopDisney, Target, and even Amazon, many are staying indoors and shopping online during this pandemic. We’ll keep you posted as we learn more about which locations will be closing. In the meantime, enjoy shopping in person while you still can!

Source: CNBC.com