Best Buy is closing 50 stores
Customer Michael O'Neil, left, is assisted by Best Buy sales associate, Ara Gregorian, as he shops for a laptop computer at Best Buy store in Glendale, Calif. The retailer said Thursday it will close 50 U.S. stores.
Big box retailers continue to struggle. Best Buy on Thursday said it plans to close 50 U.S. stores and open 100 small mobile locations in fiscal 2013 to help control costs and compete with internet retailers like Amazon.com. Sales of TVs, digital cameras and video game consoles have slowed while table computers, smartphones and e-readers have increased. A list of store closures has not yet been released but I’ll post an update once we know if any Oklahoma stores are on the chopping block.
Read the full story by The Associated Press here.
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