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Verizon Sheds 274 Company Stores to Franchisees, Reshaping Its Wireless Retail Footprint
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Verizon Sheds 274 Company Stores to Franchisees, Reshaping Its Wireless Retail Footprint
Verizon’s decision to hand 274 company-owned stores to franchise operators marks the second wave of a retail restructuring that is redrawing who controls thousands of storefronts, even as the physical footprint stays largely intact. Verizon is offloading another 274 company-owned retail stores to franchise operators and cutting roughly 500 corporate jobs, the latest move in a restructuring under Chief Executive Officer Dan Schulman that is quiet…
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