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store closings

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Best Buy Announces Locations for Store Closings

Best Buy has announced the locations of 50 stores it'is closing this year. The list includes seven stores in California, six in Illinois and six in the company's home state of Minnesota, including: Hutchinson, Edina, Lakeville, Rochester, Rogers, and Brooklyn Center.

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redjar, flickr
redjar, flickr
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Best Buy to Close 50 US Stores, Cut Costs

Best Buy Company is closing 50 stores in the U.S. in fiscal 2013 and is looking to cut costs by $800 million by fiscal 2015. The biggest U.S. specialty electronics retailer also says it lost money in its fiscal fourth quarter partly because of a restructuring charge, but its adjusted results topped Wall Street's expectations.

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