The retailer on Thursday morning announced it will close 50 big-box stores and ax 400 corporate and support jobs, Reuters is reporting.
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That includes stores in Edina, Brooklyn Center, Hutchinson, Lakeville and Rogers. Best Buy on Thursday announced it would close 50 of its big-box locations in total and lay off 400 corporate and support workers.
Dunn is stepping down after being with the Richfield-based electronics retailer for nearly 30 years. Best Buy recently announced it was closing 50 stores and terminating 400 corporate jobs. Board member Mike Mikan will serve as interim CEO during the search for a permanent replacement.
The retailer over the weekend released a list of the stores it plans to close. Best Buy also cut hundreds of corporate jobs and trimmed about $800 million in costs.
The Post Bulletin reports employees at the south location in Rochester were notified it will close May 12. Best Buy built the store less than five years ago. It's among the 50 stores the Richfield-based electronics retailer is closing to cut costs.
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