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Subject: All Disney Stores to close?

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from Forbes News

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Date Posted: 12:06:14 05/16/03 Fri

NEW YORK, May 16 (Reuters) - Walt Disney Co. (nyse: DIS - news - people) is debating whether to close additional retail stores or even sell all or part of the underperforming chain, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The report also states that a decision has yet to be reached, and that changes could be weeks away. The number of Disney retail stores has already been reduced to 387 in North America and about 160 overseas, the Journal reported.

A representative of Disney could not immediately be reached for comment early on Friday.

http://www.forbes.com/newswire/2003/05/16/rtr973146.html

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