Gateway To Close Retail Stores

GAteway said today that after reviewing strategic options for its network of 188 company-operated retail stores, it is planning to close the stores on April 9.

Gateway also said it is pursuing wider retail distribution of its products in the U.S. and abroad. The company will continue direct sales of Gateway products to consumers and businesses via www.gateway.com and 1-800-Gateway. As a result of Gateway’s decision, approximately 2,500 retail positions will be eliminated during the month of April as storeoperations wind down.
   
Gateway will provide more detail on its brand and channel strategies, as well as any revenue and cost implications of closing the stores, when it announces its first quarter financial results April29.