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Best Buy announced that it will close some of its stores by 2025, according to a February 2024 earnings call by the company.
The company announced in a recent earnings call that it is shutting down 24 stores in the current fiscal year and it intends to close another 10-15 in the 2025 fiscal year.
Per KABC, Best Buy believes the closures will assist the company with improving customer experience, with the retailer aiming to close larger stores and open smaller locations with contemporary ...
The Best Buy in Shakopee is closing permanently, but the store in Blaine has plans to reopen as an outlet store, per Axios. According to multiple news outlets, Best Buy locations in Temecula, California; Pflugerville, Texas; and Algonquin, Illinois, are also shuttering tomorrow.
After shuttering locations in New York and California last fall, Best Buy is now closing more stores this year.
Use the Best Buy store locator to find stores in your area. Then, visit each Best Buy store's page to see store hours, directions, news, events and more.
The electronics retail giant is planning to close more than a dozen stores by next year, according to an earnings call at the end of February.
Best Buy closed 24 stores in 2023 and just announced that they'll close another 15 this year. They'll also open more outlets.
About 10 to 15 stories will close and some employees will be laid off, the electronics retailer announced March 14.
For fiscal 2024, Barry said the company’s plans include closing 20 to 30 large format stores, implementing eight Experience store remodels, and opening about 10 additional outlet stores. Changes ...