clarks summit pa best buy closing stores: Giant Retailer BEST BUY Announces Store Closings
- 03/30/12 08:21 AM
Mega Electronics retailer Best Buy has just announced they will be closing 50 store nationwide. They plan to cut 400 jobs in an effort to stem the flow of losses. 2011 Best Buy posted $1.2 Billion in annual loss. The company plans on scaling down retail locations to compete with monster internet retailers like Amazon.com. If you have any doubt about the power of the internet this drastic change in business models should be enlightening. Best Buy plans on opening 100 petite Connected Stores, where they will sell e-readers, tablet computers, cellphones, and service plans. There are currently 305 such stores … (4 comments)
Mega Electronics retailer Best Buy has just announced they will be closing 50 store nationwide. They plan to cut 400 jobs in an effort to stem the flow of losses. 2011 Best Buy posted $1.2 Billion in annual loss.
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