What deals you can expect as Best Buy closes stores
Stores set to close will be marking down small items, but the retailer will likely just shuffle the big stuff to other stores, according to this report from CNN Money.
Stores set to close will be marking down small items, but the retailer will likely just shuffle the big stuff to other stores, according to this report from CNN Money.
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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.
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 retailer on Thursday morning announced it will close 50 big-box stores and ax 400 corporate and support jobs, Reuters is reporting.
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.
Best Buy Co. Inc. on Saturday announced that stores in Brooklyn Center and Edina -- two of the five Minnesota stores the company had planned to close by this fall -- will shut down June 21. It was not clear when the stores in Lakeville, Rogers and Hutchinson would lock up for good.
Best Buy celebrates the grand re-opening of its remodeled Richfield store this weekend. The store's size was reduced by 20 percent. Shelf heights are lower. Less merchandise is stored on the sales floor and skylights provide natural light. If it succeeds, the Richfield store could be a model for many of the reeling retail chain's other outlets.
At the Google I/O conference yesterday, Google announced Chromebooks would hit about 100 U.S. Best Buy stores in the coming months. Items will take up shelf space right next to Apple products (presumably, MacBooks).
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