Outdoor Voices Announces Closure of All Physical Stores, Shifts Focus Online
(Source-nedap-retail) Outdoor Voices, a prominent athletic apparel company, is set to shutter all its physical retail outlets starting this Sunday, as disclosed by four employees from different stores. These individuals, opting for anonymity due to the sensitive nature of the matter, revealed that the decision came without warning or discussion. An internal communication circulated via Slack, obtained by The New York Times, elucidated that the company is transitioning towards an exclusive online business model, marking a significant shift in its operational strategy. Notably, the message conveyed that products in stores would be subject to a hefty 50 percent discount as part of the transition process. Outdoor Voices Announces Closure of All Physical Stores, Shifts Focus Online This announcement caught many employees off guard, with two expressing surprise at the lack of severance packages being offered in light of the store closures. Despite repeated attempts to solicit a response,...