Outlets ‘Not Impacted’ by Disney Closures, Report Says
BURBANK CA – Walt Disney Company outlet stores “will not be impacted” by the company’s plans, announced Wednesday (March 3, 2021) and reported by CNBC News, to close at least 60 U.S. brick-and-mortar stores among its roughly 300 locations before the year’s end.
If so, that’s good news for its operations at the Philadelphia Premium Outlets in Limerick, the Shops at Rockvale outlets in Lancaster, and Tanger Outlets in Hershey. It’s not yet known how, if at all, Disney’s regional retail stores will be affected; it declined to provide a closure list.
The company said the prospective closures were a reaction to changing consumer behaviors, and that it planned to strengthen links between online shopping and its theme and entertainment parks and social media platforms. The pandemic is playing a role, it added, by hastening a consumer shift from physical stores to digital purchases.
Other changes may be in the offing. Disney said it intended to evaluate its retail properties after the initial round of closures, then determine if and where more are needed.