I just saw this in my local paper.
Best Buy Co.
said it plans to close 50 U.S. big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss partly due to restructuring charges.
Best Buy had not yet disclosed which stores will close, according to an email from Best Buy spokeswoman Sue Busch.
Full Article link here:
Best Buy to cut costs, close stores; fate of area stores unknown - herald-mail.com