Two Best Buy stores near the Twin Cities are closing for good at the end of October.
The Richfield-based retailer will not renew leases for its Inver Grove Heights location, or for its store off of Highway 65 in Blaine, Best Buy confirmed to GoMN.
The last day of business for both will be Oct. 28.
Best Buy has been saying for years that it would "gradually refine our store footprint when leases come up for renewal and when it makes business sense," Matt Smith, a spokesman for the company, told GoMN.
Smith says nearly all of Best Buy's stores are profitable, and that occasional closures are not part of the company's strategy.
"It’s never an easy decision and it has no reflection on the hard work our store teams have done," he added.
In the case of these two stores, there are multiple Best Buys nearby. There are two stores within eight miles of the Blaine store (Northtown Mall in Blaine and Coon Rapids), and four stores within 12 miles of the Inver Grove Heights one (Eagan, Mall of America, Oakdale and Richfield).
Smith says Best Buy is also investing a "substantial" amount to remodel a couple of neighboring stores – one in Coon Rapids and one in Oakdale – "as a way to better serve our customers."
Store employees were notified about the closures on Sunday. The company expects many of them will be able to transfer to another store, especially with the busy holiday season approaching.
Unlike other big box retailers that have been closing stores left and right, Best Buy hasn't, the Star Tribune says. Best Buy has only closed two other stores this year, while last year it shuttered 11 big-box stores and 41 mobile phone stores, the paper says.