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Gateway, Inc.
said 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 the web 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
store operations
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 April 29.
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