CNN BUSINESS | Disney is closing 60 stores in the US and Canada

New York (CNN Business) – The Disney Store, once a mall mainstay, is drastically reducing the number of locations it has in the United States and Canada.

Disney said it’s closing at least 60 stores in North America, amounting to about 35% of its locations in the region. Moving forward, Disney is placing a larger emphasis on its e-commerce business rather than its brick-and-mortar footprint.

“While consumer behavior has shifted toward online shopping, the global pandemic has changed what consumers expect from a retailer,” said Stephanie Young, president of Disney’s consumer products, games and publishing unit, in a press release.  –read more—