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Best Buy to close 50 stores

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In an evolving retail strategy, Best Buy announced Thursday it plans to close 50 stores next year.

The Minneapolis-based chain outlined a “transformation strategy” to improve business performance. The plan calls for closing 50 big box stores, cutting 400 corporate jobs and support areas, and trimming $800 million in cost.

The company did not reveal the specific locations of the stores it will close. Those details will come later.

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Renee Richardson
Richardson is a Pacelli High School graduate from Austin, Minn., who earned an applied science degree from the University of Minnesota, Waseca, with an emphasis in horse management. She worked extensively in the resort industry. She received an associate’s degree from Central Lakes College, where she was editor of the Westbank Journal student newspaper, as well as a summer intern at the Dispatch. She graduated from St. Cloud State University summa cum laude with a bachelor’s degree in mass communications and interned at the St. Cloud Times covering business while attending SCSU. She's been with the Brainerd Dispatch since 1996.
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