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best buy's store closing list: is yours on it? - best buy projector
(AP)
Ridgefield, Minnesota. -Best Buy (BBY)
It was announced last weekend that 50 stores will be closed this year, including 7 in California, 6 in Illinois and 6 in the company's hometown of Minnesota.
The full list of Best Buy stores is expected to permanently close the troubled electronics chain last month saying it will close some so-
The company, called the big box store, laid off 400 people and cut costs by $0. 8 billion.
Best Buy plans to open 100 smaller and more profitable Best Buy Mobile stores.
Hot news live: Tony Award 2019 deadly crane collapse trophy hunting documentary Women's World Cup the company is trying to avoid the fate of the Circuit City that closed down in 2009.
It faces a slowdown in sales of expensive goods such as television, coupled with increased competition from Amazon.
Com and discount stores like Target.
Best Buy shop closing list: Do you have one on it?
Best Buy CEO exit Best Buy, associated with "personal behavior", created a committee to search for the new CEOBest Buy, which has about 1,400 locations in the United States.
It has closed two stores this year, one in Missouri and one in Arizona.
Most of the remaining 50 will end on May 12 and others will end this summer.
Best Buy says it will try to find other jobs for employees in the company.
On Tuesday, Best Buy said CEO Brian Dunn had resigned after the board began investigating his "personal behavior.
"The company lost $1.
7 billion in the most recent quarter, in part because of restructuring costs.
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