Disney Is Shutting Down So Many Stores This Year & Moving Online

It's a sad day for Disney lovers. That's because Disney is shutting down so many of its stores in a move towards e-commerce.

The magical store will be no more in many parts of North America, where at least 60 locations will be getting the boot this year, the company announced.

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The franchise appears to be following a trend that is seeing many stores closing and taking their business almost exclusively online. 

Disney said this is also in order to reduce their need for physical stores and follow consumer needs.

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

"We now plan to create a more flexible, interconnected ecommerce experience that gives consumers easy access to unique, high-quality products across all our franchises."

There are reportedly around 300 Disney stores worldwide, and 20% of them will close their doors for good in 2021.

But it's not the end of the road for Disney. The company said consumers will still be able to shop in over 600 stores, including "Disney Parks stores, shop-in-shops, lifestyle and outlet locations, as well as third party retailers around the world."