On Thursday Best Buy announced it was closing 50 box-stores and cutting 400 jobs in an effort to free up $250 million this year to fund store remodeling, train and offer customer service incentives to its employees, and give customers lower prices and extra perks. A list of locations for the 50 Best Buy closures is pending.
It’s known that two Connecticut stores and one in San Antonio, Texas will be expanded. Twin Cities stores in Minneapolis and St. Paul, Minnesota will be part of a large test Best Buy is calling their new “connected store.” This new format is a strategy to emphasize services in technology support and wireless connections. In a sense, it’s a large hub where the company can assist shoppers and make pickup up items ordered online more efficient.
At the end of December it was announced Sears was closing 100 to 120 of its stores. News that Best Buy now has store closures is unsettling to the retail market and those holding jobs within the company.
When a list of locations is released as to which stores are closing in the U.S. is still awaiting. The fate of Eugene, Oregon and Portland, Oregon Best Buy stores is unknown.