![Best Buy To Scale Back It’s Big-Box Stores](http://townsquare.media/site/67/files/2011/04/Best-Buy.jpg?w=980&q=75)
Best Buy To Scale Back It’s Big-Box Stores
NEW YORK (AP) - Best Buy plans to open up to 800 mobile-device stores as it shrinks its "big-box" stores in an effort to be more competitive as consumers increasingly shop online.
The largest U.S. electronics retailer plans to shrink square footage at big-box stores by 10 percent over the next three to five years. Meanwhile, it plans to open 600 to 800 Best Buy Mobile stand-alone stores, executives said at an analyst conference on Thursday.
Big-box stores are increasingly being seen as outmoded as more shoppers research and buy electronics online.
But Best Buy CEO Brian Dunn says physical stores remain a cornerstone of Best Buy's strategy. But the Minneapolis company also plans to double its $2 billion in online revenue in three to five years.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
More From AM 1240 WJON
![Minnesota Based National Company Makes Move to Increase Business](http://townsquare.media/site/911/files/2024/06/attachment-BB-Logo-GettyImages-1424336844.jpg?w=980&q=75)
![One of Minnesota’s Biggest Businesses A Favorite for Scammers](http://townsquare.media/site/911/files/2024/05/attachment-BB-Logo-GettyImages-1424336844.jpg?w=980&q=75)
![Update: Best Buy Cuts 5,000 Jobs, Gives $500 Bonuses](http://townsquare.media/site/67/files/2020/09/GettyImages-8198496501.jpg?w=980&q=75)
![Best Buy Hiring for the Holidays, Offering $15 An Hour](http://townsquare.media/site/67/files/2020/09/GettyImages-8198496501.jpg?w=980&q=75)
![HOM Temporarily Closing, Best Buy Reducing Hours](http://townsquare.media/site/67/files/2020/03/Best-Buy.jpg?w=980&q=75)
![Best Buy Warns of Data Breach](http://townsquare.media/site/68/files/2018/03/GettyImages-878436678.jpg?w=980&q=75)
![Best Buy to Hand Out Bonuses to Workers](http://townsquare.media/site/67/files/2012/07/Geek-Squad.jpg?w=980&q=75)
![Schulze Returns to Best Buy as Chairman Emeritus](http://townsquare.media/site/67/files/2011/04/Best-Buy.jpg?w=980&q=75)
![Best Buy Cuts 400 Jobs at Richfield Headquarters](http://townsquare.media/site/67/files/2011/04/Best-Buy.jpg?w=980&q=75)