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Best Buy to close 50 of its big box stores across the US

Best Buy are set to close 50 of their big box stores across the US, most to close before May 12

| Business, Financial & Legal News | Posted: Apr 16, 2012 6:27 am

Best Buy are set to close 50 of their big box retail stores, as they said they would before the end of its 2013 fiscal year, and that time has come. Just days after Mike Mikan took over as CEO from Brian Dunn, they've listed the stores that will be closing down.

 

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Two locations have already been closed down, with six others to be closed before the end of the year, Best Buy also hope to have the remaining 42 closed by May 12th. Employees were informed of the news over the weekend, and the company is hoping to re-position them within the company, or at least offer some severance packages.

 

Best Buy is also trying to reassure customers that its all OK, and that even though their local Best Buy stores are closing down, they still have other stores in nearby locations. There's no word about the 100 Best Buy Mobile stores the company hopes to open up, but that information should follow through this year.

NEWS SOURCES:Engadget.com

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