Best Buy announces loss, store closings

Filed in Business, Featured, Lifestyle, United States, World, World News by on March 30, 2012 0 Comments

Best Buy plans to close 50 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.

BEST BUY

Image Credit: bestbuy.com

According to reports, Thursday, the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss, partly due to restructuring charges.

A list of the stores to be closed was not immediately presented. “We will announce details about specific store locations and timing for closings once they are finalized,” said Best Buy.

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