By Lisa Richwine / Reuters
Walt Disney Co will close at least 60 Disney retail stores in North America this year, about 20% of its worldwide total, as it revamps its digital shopping platforms to focus on e-commerce, the company said on Wednesday.
The media and entertainment company also is evaluating a significant reduction of stores in Europe, a spokesperson said, adding that locations in Japan and China will not be affected. Disney currently operates roughly 300 Disney stores around the globe.
The company did not say how many people would lose their jobs as a result of the closures.