Best Buy to close 50 stores
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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